1525 State Route 264Phoenix, NY 13069

Property Details for 1525 State Route 264

Year built

1979

Lot size

1.00 AC

Property size (Sq ft)

6,240 SF

Zone code

01 - NOT ZONED

Property type

Auto shops

APN

354400 239.00-01-01.2

APU

3544002390001012

Description

This exceptional commercial property, located at 1525 State Route 264 in Palermo, New York, presents a unique investment opportunity. Priced at $399,900, this well-equipped auto body shop is ideally suited for both established businesses seeking relocation and aspiring entrepreneurs entering the automotive repair industry. The property boasts a highly visible location, ensuring significant exposure to potential customers. The facility is designed for efficiency and includes eight overhead doors, providing ample access for vehicles. Two operational lifts facilitate a variety of repair and servicing needs, complemented by a professional paint booth capable of delivering high-quality finishes. Administrative tasks are streamlined with two well-appointed offices, perfect for customer consultations and general business operations. Employee comfort and convenience are prioritized with two restrooms and two break rooms. One break room is further enhanced with a kitchenette, shower, and washer/dryer hookups, creating a functional and supportive work environment. This expansive property offers significant potential for growth and expansion, making it an attractive investment prospect in a desirable location. The property is situated in Oswego County, New York, with a zip code of 13069. The geographic coordinates are 43.3337541 latitude and -76.2858801 longitude. This turnkey operation is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,481,254

  6.5%

  $1,367,311

  7%

  $1,269,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,436,589

  Geo Method

  $2,054,602

• Alternative Use

  Use

  Valuation

  Residential

  $1,153,378

  Hospitality

  $1,056,488

  Educational

  $878,986

  Medical

  $909,215

  Retail

  $1,367,311

Location Insight

City

Phoenix

County

Oswego

State

New York

Latitude

43.3337

Longitude

-76.286

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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