642 Old Liverpool RdSalina, NY 13088

Property Details for 642 Old Liverpool Rd

Year built

1965

Lot size

1.08 AC

Property size (Sq ft)

13,348 SF

Zone code

05 - COMMERCIAL

Property type

Strip malls

Property subtype

Neighborhood centers

APN

314889 077.-06-01.0

APU

31488907706010

Description

This 13,348 square foot shopping center, located at 642 Old Liverpool Road in Salina, NY (13088), presents a compelling value-add investment opportunity. The Class B property, built in 1979 and renovated in 2001, sits on a 1.08-acre lot and features six units with a current occupancy rate of 92%. The multi-tenant building boasts high visibility and ample on-site parking, contributing to its strong performance. Current tenants include Subway and Verilife/Pharmacann, providing a stabilized income stream with potential for further growth through leasing the remaining vacant space. The asking price is $975,000, translating to $73.04 per square foot. The property consists of a single, one-story building with 13,348 net rentable square feet. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,168,553

  6.5%

  $2,924,818

  7%

  $2,715,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,073,012

  Geo Method

  $4,395,005

• Alternative Use

  Use

  Valuation

  Residential

  $2,467,194

  Hospitality

  $2,259,936

  Educational

  $1,880,240

  Medical

  $1,944,905

  Retail

  $2,924,818

Location Insight

City

Liverpool

County

Onondaga

State

New York

Latitude

43.0927

Longitude

-76.193

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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