2229 Brewerton RdSyracuse, NY 13211

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

Investment properties

Property subtype

Live-work space

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.

• 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

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