5 Lumber WayLiverpool, NY 13090

Property Details for 5 Lumber Way

Year built

1992

Lot size

4.39 AC

Property size (Sq ft)

6,400 SF

Zone code

06 - INDUSTRIAL

Property type

Office buildings

APN

312489 114.-02-22.1

APU

31248911402221

Description

This exceptional 21,000-square-foot warehouse, situated on a 4.39-acre lot in Liverpool, NY, presents a compelling investment opportunity. Built in 1992, the property boasts a strong net operating income (NOI) of $430,260, yielding a 9.00% cap rate. Offered at $4,780,667, the price per square foot is $227.65. The property features ample parking with 50 surface spaces and is ideally located in a thriving retail corridor, close to major national tenants such as Walmart, Target, McDonald's, and Starbucks. Its strategic position at the crossroads of NY I-90 and I-81 provides excellent access to transportation networks. The property is also conveniently located within a 15-minute drive of Syracuse Hancock International Airport (6.3 miles). The surrounding area is densely populated, with over 7,000 residents within a one-mile radius and over 51,800 within a three-mile radius. Furthermore, there are over 27,800 daytime employees within a three-mile radius. The lease type is Net-Net, with multi-tenancy. Ground lease terms vary. This property offers a rare combination of strong financials, prime location, and significant potential for future growth. This is a multi-tenant warehouse property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,033,493

  6.5%

  $953,993

  7%

  $885,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $584,692

  Geo Method

  $836,224

• Alternative Use

  Use

  Valuation

  Residential

  $1,182,952

  Hospitality

  $1,083,578

  Educational

  $901,524

  Medical

  $932,528

  Retail

  $1,402,370

Location Insight

City

Liverpool

County

Onondaga

State

New York

Latitude

43.1258

Longitude

-76.1971

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].