2229 Brewerton RdSyracuse, NY 13211

  • Mixed-use properties
  • 1,584 SF
For Sale
$200,000 View listing

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
2229 Brewerton Rd, Syracuse, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$35,000
$100,000
$135,000
-
$39,326
$112,359
$151,685

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