709 Main StNorth Syracuse, NY 13212

Property Details for 709 Main St

Year built

1975

Lot size

4.21 AC

Property size (Sq ft)

58,598 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

312201 013.-01-03.1

APU

31220101301031

Description

Bear Road Plaza, located at 709 N Main St in North Syracuse, NY 13212, presents a compelling retail investment opportunity. This multi-tenant strip center boasts a total of 59,483 square feet, offering a variety of spaces to suit diverse business needs. Currently, there is 6,645 square feet of vacant space available, with a minimum divisible unit of 2,145 square feet and a maximum contiguous space of 10,250 square feet. The property is ideally situated in North Syracuse, Onondaga County, New York, providing excellent visibility and accessibility for customers. Ample parking is available with 235 spaces to accommodate both tenants and patrons. The property's classification as a retail strip center makes it suitable for a wide range of businesses, from smaller boutiques to larger retail operations. Its location in North Syracuse offers a strong potential for attracting a diverse customer base. The available space presents a unique chance to establish a presence in a thriving commercial area. Interested parties are encouraged to inquire about lease terms and availability. This property offers a strong return on investment potential due to its prime location and ample space. The property's size and layout provide flexibility for various business models. The high number of parking spaces ensures convenient access for customers and employees.

• CAP approach

  CAP return

  Valuation

  6%

  $13,910,015

  6.5%

  $12,840,014

  7%

  $11,922,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,490,585

  Geo Method

  $19,294,164

• Alternative Use

  Use

  Valuation

  Residential

  $10,831,032

  Hospitality

  $9,921,167

  Educational

  $8,254,295

  Medical

  $8,538,173

  Retail

  $12,840,014

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.1441

Longitude

-76.128

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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