437 Warren StSyracuse, NY 13202

  • Mixed-use properties
  • 7,200 SF
For Sale
$325,000 View listing

Property Details for 437 Warren St

Year built
1960
Lot size
0.09 AC
Property size (Sq ft)
7,200 SF
Zone code
13
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
311500 102.-14-09.0
APU
31150010214090

Description

This exceptional opportunity presents the chance to acquire a thriving, established video game retail business in the heart of Syracuse, New York. Located at 437 S Warren St, this 10,800 square foot property sits on a 0.09-acre lot and is priced at $325,000. Voltage Video Games, a well-known and respected name in the Central New York community for over a decade, boasts a strong reputation and consistent customer base within the lucrative retro video game market. The sale includes all existing inventory, valued at over $120,000, ensuring a seamless transition for the new owner. This comprehensive package encompasses everything necessary to immediately commence operations, eliminating the need for significant upfront investment in equipment or stock. The business is currently generating substantial sales figures, which are available upon request and subject to a non-disclosure agreement (NDA) to protect the seller's confidential information. This turnkey operation offers a rare opportunity to step into a profitable, established business with a proven track record and significant growth potential within a dedicated market segment. The property's size and location provide ample space for both retail operations and potential expansion. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,162,679
    6.5%
    $1,073,242
    7%
    $996,582
  • Comparable approach

    Method
    Valuation
    Relative Method
    $657,779
    Geo Method
    $940,752
  • Alternative Use

    Use
    Valuation
    Residential
    $1,330,821
    Hospitality
    $1,219,025
    Educational
    $1,014,214
    Medical
    $1,049,095
    Retail
    $1,577,666
437 Warren St, Syracuse, New York

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0463
Longitude
-76.1505
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
-
$49,900
$257,100
$307,000
-
$77,364
$398,605
$475,969

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