2970 Genesee StSyracuse, NY 13224

For Lease
  • Auto shops
  • 1,740 SF

Property Details for 2970 Genesee St

Year built
1945
Lot size
0.36 AC
Property size (Sq ft)
1,740 SF
Zone code
10
Property type
Auto shops
APN
311500 042.-02-08.0
APU
31150004202080

Description

This well-maintained 1,740 square foot automotive repair shop is ideally situated on the east side of Syracuse, near DeWitt. The property boasts three bays, a newly paved driveway accommodating up to 25 vehicles, and ample storage for parts. Inside, you'll find a dedicated office space for administrative tasks, two bathrooms, and two vehicle lifts. Currently operating as a successful repair shop, this property offers a turnkey opportunity for a new owner. The building sits on a sizable 15,498 square foot lot. The property is a single-tenant building, offering simplicity and ease of management. Showings require advance notice. This property is also available for purchase at $350,000 (S1518847). Located in Onondaga County, New York, with the address 2970 E Genesee Street, Syracuse, NY 13224.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $413,042
    6.5%
    $381,269
    7%
    $354,036
  • Comparable approach

    Method
    Valuation
    Relative Method
    $400,587
    Geo Method
    $572,918
  • Alternative Use

    Use
    Valuation
    Residential
    $321,615
    Hospitality
    $294,598
    Educational
    $245,102
    Medical
    $253,531
    Retail
    $381,269
2970 Genesee St, Syracuse, New York

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0422
Longitude
-76.1016
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
-
$62,000
$68,900
$130,900
-
$96,124
$106,822
$202,946

FAQs

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