647 Genesee StSyracuse, NY 13204
- Retail properties
- 37,170 SF
Property Details for 647 Genesee St
- Year built
- 1940
- Lot size
- 1.45 AC
- Property size (Sq ft)
- 37,170 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Other automotive properties
- APN
- 311500 106.-12-01.2
- APU
- 31150010612012
Description
This exceptional commercial property, a former Lowery Jeep Dealership, presents a unique investment opportunity in Syracuse, NY. The expansive 37,170+/- square foot building sits on a 1.45+/- acre corner lot boasting excellent visibility on Syracuse's historic Automobile Row. The property features 800 amp power, four existing drive-in overhead doors, and impressive ceiling heights ranging from 11.5' to 19'. The layout includes a showroom, a large service department, a parts department, and a body shop area, offering significant flexibility for various commercial and industrial uses. The "CM" Commercial zoning allows for a wide range of possibilities, including the continuation of automotive-related businesses. Its strategic location provides easy access to I-690 and other major interstates. An additional 0.75+/- acre parcel across West Genesee Street is also available separately. This property is ideally suited for businesses seeking a high-profile location with ample space and robust infrastructure. The asking price is $1,990,000. This is a rare opportunity to acquire a substantial property in a highly desirable location with significant upside potential. The address is 647 W Genesee St, Syracuse, NY 13204. The property is located within the Motor Vehicle Sales Overlay District of the City of Syracuse.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,823,429
- 6.5%
- $8,144,704
- 7%
- $7,562,939
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,557,375
- Geo Method
- $12,238,713
-
Alternative Use
- Use
- Valuation
- Residential
- $6,870,362
- Hospitality
- $6,293,214
- Educational
- $5,235,880
- Medical
- $5,415,950
- Retail
- $8,144,704
Location Insight
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Latitude
- 43.053
- Longitude
- -76.1624
- 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
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].