109 Taft RdNorth Syracuse, NY 13212

Property Details for 109 Taft Rd

Year built

1955

Lot size

0.42 AC

Property size (Sq ft)

4,500 SF

Zone code

01 - NOT ZONED

Property type

Investment properties

Property subtype

Retail residential properties

APN

312401 008.-07-12.1

APU

31240100807121

Description

This exceptional commercial property, located at 109 E Taft Rd, North Syracuse, NY 13212, offers 6,400 square feet of versatile office space, ideally suited for traditional or medical office uses. The property features two buildings, each two stories high, situated on one acre of land and conveniently located near Main Street (Rt. 11) and South Bay. Currently, 2,900 square feet are available, divisible into suites ranging from 1,300 to 1,600 contiguous square feet. The property boasts ample parking with 30 spaces available. Recently renovated in 2023, this Class B building offers modern amenities and is equipped with electric and gas power. The property is zoned for Commercial Retail and Office use, making it a highly desirable location for a variety of businesses. Built in 1965, this property benefits from recent upgrades while maintaining a functional and efficient layout. The property's location in North Syracuse provides easy access to major transportation routes and benefits from the significant economic growth spurred by Micron's substantial investment in the region. This presents a unique opportunity to establish a presence in a thriving and expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $901,077

  6.5%

  $831,763

  7%

  $772,351

• Comparable approach

  Method

  Valuation

  Relative Method

  $637,223

  Geo Method

  $911,354

• Alternative Use

  Use

  Valuation

  Residential

  $831,763

  Hospitality

  $761,890

  Educational

  $633,884

  Medical

  $655,684

  Retail

  $986,042

Location Insight

City

North Syracuse

County

Onondaga

State

New York

Latitude

43.1232

Longitude

-76.1405

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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