583 Main StCentral Square, NY 13036

Property Details for 583 Main St

Year built

1984

Lot size

0.55 AC

Property size (Sq ft)

7,080 SF

Zone code

05 - COMMERCIAL

Property type

Auto shops

APN

353201 276.14-02-04.2

APU

3532012761402042

Description

This exceptional investment opportunity presents a 7,080 square foot mixed-use building located at 583 S Main St, Central Square, NY 13036. The property, identified by APN 353201-276-014-0002-004-200-0000, boasts a substantial 23,750 square foot lot. Built in 1984, this two-story structure currently operates as an auto shop, offering significant potential for various uses given its mixed-use zoning. The building's substantial size provides ample space for expansion or adaptation to suit a diverse range of business needs. Its prime location in Central Square, Oswego County, New York offers excellent visibility and accessibility. The asking price for this turnkey property is $699,900. This represents a rare chance to acquire a well-established commercial property in a thriving New York community. The property's size and location make it an ideal investment for both seasoned and emerging entrepreneurs seeking a strong return on investment. Serious inquiries are encouraged to explore this promising opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,680,653

  6.5%

  $1,551,372

  7%

  $1,440,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,629,976

  Geo Method

  $2,331,184

• Alternative Use

  Use

  Valuation

  Residential

  $1,308,640

  Hospitality

  $1,198,708

  Educational

  $997,311

  Medical

  $1,031,610

  Retail

  $1,551,372

Location Insight

City

Central Square

County

Oswego

State

New York

Latitude

43.2811

Longitude

-76.1453

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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