3532 Genesee StSyracuse, NY 13219

Property Details for 3532 Genesee St

Year built

1975

Lot size

0.69 AC

Property size (Sq ft)

7,447 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

312089 047.-04-13.0

APU

31208904704130

Description

This exceptional commercial property at 3532 W Genesee Street in Syracuse, NY, presents a remarkable investment opportunity. Situated on a substantial 0.69-acre lot (30,056 square feet), this vacant property offers 8,799 square feet of space, ideal for redevelopment or expansion. The property's prime location directly across from a Target store in Camillus ensures high visibility and significant daily traffic exceeding 22,000 vehicles. The asking price is $700,000. This location on West Genesee Street, one of the busiest thoroughfares in Syracuse's west side, provides unparalleled exposure for any business. The property's zoning and potential for expansion offer significant upside. The large lot size allows for various development scenarios, from expanding an existing business to constructing a new building. This is a rare chance to acquire a highly visible and strategically located commercial property in a thriving area of Syracuse. The vacant status allows for complete customization to suit specific business needs. Don't miss this chance to establish a strong presence in a high-traffic area with exceptional growth potential. The property is located in Onondaga County, NY, with a zip code of 13219.

• CAP approach

  CAP return

  Valuation

  6%

  $1,491,182

  6.5%

  $1,376,475

  7%

  $1,278,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,054,534

  Geo Method

  $1,508,189

• Alternative Use

  Use

  Valuation

  Residential

  $1,376,475

  Hospitality

  $1,260,844

  Educational

  $1,049,007

  Medical

  $1,085,084

  Retail

  $1,631,789

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0482

Longitude

-76.2366

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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