3504 Genesee StFairmount, NY 13219

Property Details for 3504 Genesee St

Year built

1975

Lot size

1.15 AC

Property size (Sq ft)

18,434 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

312089 047.-06-10.0

APU

31208904706100

Description

This exceptional 17,250 square foot retail property, located at 3504 West Genesee Street in Camillus, NY (Syracuse area, zip code 13219), presents a significant leasing opportunity. Currently entirely vacant, this multi-tenant building offers a flexible layout ideal for a variety of commercial uses, particularly restaurants. The entire space is available for lease, totaling 17,250 square feet. The property's prime location ensures high visibility and accessibility, benefiting from substantial foot traffic and convenient access to major roadways. While the property is listed as being in Fairmount, the address and city information indicate Syracuse, NY. This discrepancy should be independently verified. The building's size and layout provide ample space for a large-scale operation or the potential for division into smaller units to accommodate multiple tenants. This presents a unique chance to establish a strong presence in a thriving commercial area. The property is classified as both Commercial and Restaurant, suggesting suitability for a wide range of businesses. Serious inquiries are encouraged to explore the possibilities this expansive retail space offers. Further details regarding lease terms and conditions are available upon request. The property is situated at latitude 43.0483326 and longitude -76.231691.

• CAP approach

  CAP return

  Valuation

  6%

  $3,446,250

  6.5%

  $3,181,150

  7%

  $2,953,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,717,780

  Geo Method

  $2,456,760

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,430,330

  Retail / Commercial

  $3,238,860

  Hospitality / Lodging

  $2,273,810

  Office

  $3,114,170

  Institutional / Educational

  $3,290,620

  Residential Income

  $3,850,020

  Multifamily

  $4,873,430

  Automotive / Energy

  $2,820,530

  Parking / Income-Based Land

  $1,018,940

  Restaurant / Food Service

  $1,556,020

  Healthcare / Senior Housing

  $3,309,550

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0488

Longitude

-76.2318

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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