5630 Bear RdSyracuse, NY 13212

Property Details for 5630 Bear Rd

Year built

1980

Lot size

0.52 AC

Property size (Sq ft)

3,300 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

312201 013.-01-16.1

APU

31220101301161

Description

This 3,300 sq ft creative office building in Syracuse, NY, is situated on a 0.52-acre lot at 5630 Bear Rd, 13212. Built in 1980, this single-story building features two units and 24 parking spaces. The property boasts excellent visibility, being just one block from Route 11, ensuring high traffic exposure. Recent upgrades include a brand new roof (2024), a Goodman rooftop furnace (installed December 2013), a replaced blower motor in the TempStar AC unit (July 2018), and a new hot water tank (May 2022). Currently used as a hair salon (equipment excluded from sale), this versatile space is ideal for retail, office, or business services. Convenient access to major roadways, including Routes 81, 690, and 481, adds to its appeal. The property is available for occupancy on October 31, 2024, and is offered at an asking price of $379,000. The estate of Frank M. Barletta is the current owner.

• CAP approach

  CAP return

  Valuation

  6%

  $660,789

  6.5%

  $609,960

  7%

  $566,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $467,297

  Geo Method

  $668,326

• Alternative Use

  Use

  Valuation

  Residential

  $609,960

  Hospitality

  $558,720

  Educational

  $464,848

  Medical

  $480,835

  Retail

  $723,097

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.1444

Longitude

-76.1289

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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