299 Farrell RdSyracuse, NY 13209

Property Details for 299 Farrell Rd

Year built

2015

Lot size

1.21 AC

Property size (Sq ft)

5,840 SF

Zone code

06 - INDUSTRIAL

Property type

Other commercial real estate

Property subtype

Showrooms

APN

313289 017.-03-01.3

APU

31328901703013

Description

This exceptional Class A retail/office property, located at 299 Farrell Rd in Syracuse, NY, offers 3,200 square feet of immediately available space in a prime location. The building, constructed in 2015, boasts a total of 5,806 square feet across a single story on a 1.21-acre lot in Onondaga County. The space is divisible, with a minimum of 1,600 square feet and a maximum contiguous space of 3,200 square feet currently vacant. The property is ideally situated in a high-traffic area, benefiting from excellent demographics and commuter traffic counts. Its strategic location is adjacent to a thriving Dunkin' Donuts with a drive-thru, ensuring high visibility and foot traffic. The unimproved spaces offer the unique opportunity for build-to-suit options, allowing tenants to customize their space to perfectly meet their specific business needs. This presents a rare chance to establish a presence in a bustling commercial area with significant potential for growth. The property is categorized as both retail and office, making it suitable for a variety of businesses. This is a single-building property with multiple tenancy options.

• CAP approach

  CAP return

  Valuation

  6%

  $1,386,301

  6.5%

  $1,279,663

  7%

  $1,188,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,344,500

  Geo Method

  $1,922,897

• Alternative Use

  Use

  Valuation

  Residential

  $1,079,444

  Hospitality

  $988,764

  Educational

  $822,640

  Medical

  $850,932

  Retail

  $1,279,663

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.1159

Longitude

-76.2603

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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