6163 Eastern AveSyracuse, NY 13211
- Warehouses
- 16,560 SF
Property Details for 6163 Eastern Ave
- Year built
- 1970
- Lot size
- 0.81 AC
- Property size (Sq ft)
- 16,560 SF
- Zone code
- 06 - INDUSTRIAL
- Property type
- Warehouses
- APN
- 312689 024.-03-09.0
- APU
- 31268902403090
Description
This exceptional industrial property, located at 6149 and 6163 Eastern Ave in Syracuse, NY, presents a compelling investment opportunity. The property encompasses two buildings totaling 25,000 square feet on a 2-acre lot. Building one offers approximately 9,000 square feet of office/warehouse space, while building two provides over 16,000 square feet of warehouse space featuring 12-foot ceilings. The property boasts a highly visible corner location and includes two drive-in overhead doors, enhancing operational efficiency. A fenced-in yard provides ample secure storage space. Constructed between 1962 and 1970, this property benefits from easy access to major highways and the Thruway, ensuring convenient transportation and logistics. The asking price is $1,600,000. This property is ideal for businesses seeking a strategically located, spacious, and functional industrial facility in the thriving Syracuse market. The property's size, features, and location make it a strong contender for a variety of industrial uses. The two buildings offer flexibility for diverse operational needs. The fenced yard adds to the property's overall utility and security. This is a rare opportunity to acquire a well-positioned industrial property in Onondaga County, New York, with excellent access to transportation networks.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,258,010
- 6.5%
- $5,776,630
- 7%
- $5,364,010
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,420,630
- Geo Method
- $3,461,970
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $2,909,600
- Mixed-Use / Specialty
- $2,857,760
- Hospitality / Lodging
- $2,042,650
- Office
- $2,797,590
- Institutional / Educational
- $2,956,090
- Residential Income
- $3,458,630
- Multifamily
- $4,378,000
- Automotive / Energy
- $2,533,790
- Parking / Income-Based Land
- $915,353
- Restaurant / Food Service
- $1,397,840
- Healthcare / Senior Housing
- $2,973,100
Location Insight
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Latitude
- 43.095
- Longitude
- -76.0936
- 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
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