55 1St StFulton, NY 13069

Property Details for 55 1St St

Year built

1971

Lot size

0.20 AC

Property size (Sq ft)

5,220 SF

Zone code

C1

Property type

Investment properties

Property subtype

Live-work space

APN

350400 236.62-03-03

APU

350400236620303

Description

This expansive 10,440 square foot commercial property located at 55 W 1st St S, Fulton, NY, presents a unique investment opportunity. Situated on a 0.2-acre lot, the building offers endless possibilities for a variety of businesses. The main structure boasts a significant amount of open space, ideal for customization to suit diverse needs. A substantial workshop area is located at the rear of the building, providing ample room for manufacturing, storage, or other industrial uses. The front of the building features a separate entrance, perfectly suited for a restaurant, coffee shop, bakery, or pizza establishment. Adding to the property's versatility is a spacious three-bedroom apartment with a roughed-in bath and kitchen, offering potential for residential use or additional income generation. A significant advantage is the inclusion of an underground, drive-in garage, providing ample parking and storage space, potentially suitable for a body shop. The property is being sold "as is," including any remaining equipment. This presents a rare chance to acquire a large-scale commercial property in a prime Fulton location, ready for your vision and entrepreneurial spirit. The property's size and diverse layout offer a unique opportunity for creative redevelopment and significant return on investment. Don't miss this chance to transform this substantial space into a thriving business hub.

• CAP approach

  CAP return

  Valuation

  6%

  $842,943

  6.5%

  $778,101

  7%

  $722,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $476,890

  Geo Method

  $682,045

• Alternative Use

  Use

  Valuation

  Residential

  $964,845

  Hospitality

  $883,793

  Educational

  $735,305

  Medical

  $760,594

  Retail

  $1,143,808

Location Insight

City

Fulton

County

Oswego

State

New York

Latitude

43.3221

Longitude

-76.4215

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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