111 End DrSyracuse, NY 13204

  • Investment properties
  • 6,267 SF
For Sale
$200,000 View listing

Property Details for 111 End Dr

Year built
1920
Lot size
0.25 AC
Property size (Sq ft)
6,267 SF
Zone code
10
Property type
Investment properties
Property subtype
Live-work space
APN
311500 113.-07-25.1
APU
31150011307251

Description

This exceptional commercial property, located at 111 W End Dr in Syracuse, NY, presents a unique investment opportunity. Boasting a substantial 9,825 square feet of space, this general commercial building sits on a conveniently sized 0.24-acre lot, offering ample room for various business ventures. The property's prime location in Syracuse provides excellent visibility and accessibility, making it an ideal choice for a wide range of commercial uses. The asking price of $200,000 represents a compelling value for a property of this size and location within the Syracuse market. The building's substantial square footage allows for flexible layouts to accommodate diverse business needs, from retail spaces to offices, or potentially a combination of uses. Given its size and location, this property is well-suited for businesses seeking a prominent presence in a thriving Syracuse neighborhood. The 0.24-acre lot provides potential for future expansion or outdoor amenities, depending on the intended use. Serious inquiries are encouraged to explore the possibilities this versatile commercial property offers. This is a rare opportunity to acquire a significant commercial space in a desirable Syracuse location at an attractive price point. Don't miss out on this chance to establish or expand your business in a prime commercial area. Further details and potential uses can be discussed upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,171,620
    6.5%
    $1,081,500
    7%
    $1,004,250
  • Comparable approach

    Method
    Valuation
    Relative Method
    $583,993
    Geo Method
    $835,223
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,186,120
    Retail / Commercial
    $1,101,110
    Hospitality / Lodging
    $773,026
    Office
    $1,058,720
    Institutional / Educational
    $1,118,710
    Residential Income
    $1,308,890
    Multifamily
    $1,656,820
    Automotive / Energy
    $958,894
    Parking / Income-Based Land
    $346,408
    Restaurant / Food Service
    $529,000
    Healthcare / Senior Housing
    $1,125,150

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0586
Longitude
-76.1976
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
-
$34,000
$66,000
$100,000
-
$52,713
$102,326
$155,039

FAQs

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