2935 Lamson RdPhoenix, NY 13135

Property Details for 2935 Lamson Rd

Year built

1960

Lot size

1.14 AC

Property size (Sq ft)

2,088 SF

Zone code

NS

Property type

Turn key restaurants

APN

313689 022.-01-10.1

APU

31368902201101

Description

This exceptional commercial property at 2935 Lamson Road in Phoenix, New York, presents a unique investment opportunity. The 2,088 square foot building sits on a substantial 49,658 square foot lot (approximately 1.13 acres), offering ample space and high visibility. Benefiting from a prime location on a busy street, the property boasts road frontage and convenient access from two sides. A large parking lot accommodates over 70 vehicles, ensuring ample parking for customers. Currently configured as a pizzeria and ice cream shop, the property features both indoor and outdoor seating, along with a convenient walk-up window. The fully equipped kitchen is exceptionally well-suited for a variety of food service businesses, including restaurants, diners, and bars. Key features include three-phase electrical service, a walk-in cooler, and an outdoor grease trap. Its strategic location, just a quarter-mile from the Village of Phoenix and the North Island enhancement project at Lock 1 of the Oswego Canal, ensures high traffic and excellent exposure. The property is also conveniently located just four minutes north of Radisson, providing easy access to a wider customer base. This turnkey operation presents a rare chance to acquire a thriving business or establish your own venture in a highly desirable location. The asking price is $300,000. Don't miss this chance to make your business dreams a reality.

• CAP approach

  CAP return

  Valuation

  6%

  $495,650

  6.5%

  $457,523

  7%

  $424,843

• Comparable approach

  Method

  Valuation

  Relative Method

  $480,705

  Geo Method

  $687,502

• Alternative Use

  Use

  Valuation

  Residential

  $385,938

  Hospitality

  $353,517

  Educational

  $294,122

  Medical

  $304,237

  Retail

  $457,523

Location Insight

City

Phoenix

County

Onondaga

State

New York

Latitude

43.2248

Longitude

-76.3064

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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