422 Kinne StEast Syracuse, NY 13057

Property Details for 422 Kinne St

Year built

1951

Lot size

0.39 AC

Property size (Sq ft)

2,562 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Auto shops

APN

312689 040.-12-02.0

APU

31268904012020

Description

This exceptional offering presents a lucrative opportunity to acquire a well-established auto repair business, complete with all furniture, fixtures, and equipment (FF&E), and a two-bedroom, one-bathroom single-family residence, all situated on a 0.39-acre lot in East Syracuse, NY. The property boasts a highly visible location on Kinne Street, featuring 171 feet of frontage and a high average daily traffic count of 4,146 vehicles. The auto repair shop comprises two drive-in work bays with three lifts, twelve-foot ceilings, and radiant heat. The shop also includes a fully climate-controlled office. The included residence offers approximately 1,000 square feet of living space, featuring hardwood floors, a full basement with washer/dryer hookups, and a gas stove. The property includes a New York State inspection license. Seller financing may be available for qualified buyers. This turnkey operation has been profitable for over 20 years and offers significant potential for continued growth. The two buildings, constructed in 1946, sit on a 0.39-acre lot and are currently 100% occupied. The asking price is $490,000. Personal tools will be removed prior to closing.

• CAP approach

  CAP return

  Valuation

  6%

  $608,168

  6.5%

  $561,386

  7%

  $521,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $589,830

  Geo Method

  $843,572

• Alternative Use

  Use

  Valuation

  Residential

  $473,550

  Hospitality

  $433,770

  Educational

  $360,891

  Medical

  $373,303

  Retail

  $561,386

Location Insight

City

East Syracuse

County

Onondaga

State

New York

Latitude

43.0723

Longitude

-76.0768

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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