208 Main StElbridge, NY 13060

Property Details for 208 Main St

Year built

1960

Lot size

1.07 AC

Property size (Sq ft)

10,910 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

312801 021.-02-06.1

APU

31280102102061

Description

This exceptional two-story, 10,900 square foot Class B office building, situated on a 46,600 square foot lot at 208 W Main St, Elbridge, NY 13060, presents a unique investment opportunity. Built in 1990 and extensively renovated in 2015, the property boasts a blend of traditional, medical, and creative office spaces, making it suitable for a variety of businesses. Currently, 1,900 square feet of space is available for lease within this multi-tenant building. The building features an 8-foot ceiling height and ample parking with 30 spaces on-site. Enjoy the beautifully landscaped grounds, enhanced by a tranquil trout stream at the rear of the property. The convenient location offers easy access to both Auburn (12 minutes away) and Syracuse (18 minutes away), making it an ideal location for businesses seeking a balance between a serene setting and proximity to major urban centers. The property is zoned Commercial 1 and features APN 021.-02-06.1. This is a rare opportunity to acquire a well-maintained, versatile office building in a desirable location. The building's recent renovations ensure modern amenities and functionality, while its unique setting provides a peaceful and productive work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,184,610

  6.5%

  $2,016,563

  7%

  $1,872,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,544,912

  Geo Method

  $2,209,526

• Alternative Use

  Use

  Valuation

  Residential

  $2,016,563

  Hospitality

  $1,847,161

  Educational

  $1,536,816

  Medical

  $1,589,670

  Retail

  $2,390,603

Location Insight

City

Elbridge

County

Onondaga

State

New York

Latitude

43.0343

Longitude

-76.452

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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