2229 Brewerton RdSyracuse, NY 13211
- Mixed-use properties
- 1,584 SF
Property Details for 2229 Brewerton Rd
- Year built
- 1975
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 1,584 SF
- Zone code
- 02 - SINGLE RESIDENCE
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 314889 055.-06-10.0
- APU
- 31488905506100
Description
This exceptional commercial property at 2229 Brewerton Road in Syracuse, New York, presents a unique investment opportunity. Situated in the thriving Mattydale area, this building boasts a prime location with maximum visibility, benefiting from over 20,000 cars passing daily. The property encompasses 2,688 square feet on a 0.17-acre lot and is priced at $200,000. The main level, exceeding 1,500 square feet, features hardwood floors throughout and a pre-installed kitchen area, ideal for employee use. Two separate entrances offer flexibility and potential for multiple businesses or uses. The upper level provides a substantial, unfinished space of several rooms and a full bathroom, perfect for conversion into an apartment, office space, or additional commercial area. This versatile building previously housed a salon and barbershop, demonstrating its adaptability to various commercial ventures. Given the ongoing development and growth within Mattydale, this property represents a timely investment opportunity with significant upside potential. The combination of high traffic, versatile space, and a desirable location makes this a truly compelling offering.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $255,789
- 6.5%
- $236,113
- 7%
- $219,248
-
Comparable approach
- Method
- Valuation
- Relative Method
- $144,711
- Geo Method
- $206,965
-
Alternative Use
- Use
- Valuation
- Residential
- $292,781
- Hospitality
- $268,185
- Educational
- $223,127
- Medical
- $230,801
- Retail
- $347,087
Location Insight
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Latitude
- 43.0988
- Longitude
- -76.146
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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