2500 Burnet AveSyracuse, NY 13206

Property Details for 2500 Burnet Ave

Year built

1994

Lot size

0.39 AC

Property size (Sq ft)

816 SF

Zone code

22

Property type

Automotive properties

APN

311500 027.-33-01.0

APU

31150002733010

Description

This exceptional 816 square foot mixed-use property at 2500 Burnet Avenue in Syracuse, NY, presents a compelling investment opportunity. Currently configured as a former used car dealership, the property boasts a substantial 16,766 square foot lot offering ample parking for over 25 vehicles. The single-story building includes an office space, ideal for managing operations or client interactions. Its prime location on Burnet Avenue ensures high visibility and significant traffic exposure, making it perfect for a variety of businesses. The property's versatility extends beyond its current use; the expansive lot allows for redevelopment potential, catering to a range of entrepreneurial visions. The asking price is $399,000. This multi-unit property, zoned for industrial, mixed-use, retail, and special purpose uses, offers a unique blend of immediate usability and long-term growth potential. The 13206 zip code location in Onondaga County provides easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-situated property with significant upside in a dynamic Syracuse neighborhood. Don't miss this chance to secure a valuable asset with diverse possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $155,319

  6.5%

  $143,372

  7%

  $133,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $77,530.20

  Geo Method

  $110,883

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $284,645

  Mixed-Use / Specialty

  $140,817

  Hospitality / Lodging

  $100,652

  Office

  $137,852

  Institutional / Educational

  $145,663

  Residential Income

  $170,425

  Multifamily

  $215,727

  Automotive / Energy

  $124,854

  Parking / Income-Based Land

  $45,104.40

  Restaurant / Food Service

  $68,878.90

  Healthcare / Senior Housing

  $146,501

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0588

Longitude

-76.1019

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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