6383 Court Street RdEast Syracuse, NY 13057

Property Details for 6383 Court Street Rd

Year built

1950

Lot size

0.78 AC

Property size (Sq ft)

1,533 SF

Zone code

06 - INDUSTRIAL

Property type

Investment properties

Property subtype

Live-work space

APN

312689 025.-04-03.0

APU

31268902504030

Description

This exceptional 1,533 square foot Class B office space in East Syracuse, NY, is available for $399,000. Located at the highly visible corner of Court Street Road and Route 298, this single-tenant property boasts a prime location with nearly 20,000 vehicles passing daily. Situated on a 0.78-acre lot, the property benefits from its proximity to over 2,000 hotel rooms and numerous large employers in nearby business parks. Previously a successful insurance agency for 40 years, this turnkey space is ready for immediate occupancy and is ideally suited for a variety of professional office uses, including a salon. The commercial zoning allows for flexibility, and the strong location offers unparalleled access to a large customer base. With Syracuse and Onondaga County's population projected to grow significantly, this presents a unique opportunity to establish a thriving business in a high-traffic area. The asking price is $260.27 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $247,554

  6.5%

  $228,511

  7%

  $212,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,052

  Geo Method

  $200,302

• Alternative Use

  Use

  Valuation

  Residential

  $283,354

  Hospitality

  $259,551

  Educational

  $215,943

  Medical

  $223,370

  Retail

  $335,912

Location Insight

City

East Syracuse

County

Onondaga

State

New York

Latitude

43.091

Longitude

-76.079

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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