1417 Valley DrSyracuse, NY 13207

Property Details for 1417 Valley Dr

Year built

1935

Lot size

0.76 AC

Property size (Sq ft)

11,320 SF

Zone code

10

Property type

Retail properties

Property subtype

Auto shops

APN

311500 070.-10-21.4

APU

31150007010214

Description

This exceptional commercial property, located at 1417 Valley Dr, Syracuse, NY, presents a unique investment opportunity. The 11,320+/- square foot building sits on a sizable 0.76+/- acre lot, measuring 200' x 165', and includes a fenced yard. The property boasts a versatile layout, featuring 9,840+/- square feet of warehouse/flex space and 1,480+/- square feet of retail space, complemented by additional upstairs space. Significant recent improvements enhance this property's value and functionality. These include a new 400-amp, three-phase electrical service, new water lines for both building use and the sprinkler system, and a comprehensive new wet sprinkler system throughout. The upstairs office/workspace/storage area has undergone a complete renovation, featuring new insulation, wiring, sheetrock, windows, HVAC system, and bathroom. The ground floor front office area also received a complete overhaul, including new framing, insulation, wiring, plumbing, two ADA-compliant bathrooms, all new lighting and fixtures, a new HVAC system, two hot water heaters, and two mop sinks. Further upgrades include a new alarm and fire monitoring system, three new HVAC units, all new LED lighting throughout, new front entrance windows and door, and three new exterior steel doors. The upstairs office area also features a new rubber roof. While an auto repair business currently occupies the space, and its shop equipment is available for separate purchase, this sale is for the real estate only. This property offers significant potential for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,687,146

  6.5%

  $2,480,442

  7%

  $2,303,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,606,120

  Geo Method

  $3,727,260

• Alternative Use

  Use

  Valuation

  Residential

  $2,092,346

  Hospitality

  $1,916,578

  Educational

  $1,594,570

  Medical

  $1,649,410

  Retail

  $2,480,442

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.004

Longitude

-76.1533

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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