1922 US-11 - Showroom FOR SALE


Tully, NY 13159
$350,000 USD
315-572-3823
1922 US-11, Tully, NY for Sale
$350,000 USD
Showroom - FOR SALE
1/6
null | Request Cap Rate

1922 US-11
Tully, NY 13159


HIGHLIGHTS

  • Conceptual Approval for 2–4 Residential Units
  • ±4,089 SF Commercial Building on ±0.60 Acres
  • Flexible Zoning with Special Use Potential
  • Strong Investment Upside with 10.7% Pro Forma Cap Rate
  • Minutes from Future Lafayette Hills Resort Community
  • Optional Adjacent Acre Available for Purchase

OVERVIEW

1922 US Route 11 offers a rare and highly versatile opportunity in the Town of Lafayette, just minutes from Syracuse and strategically located along a key north-south corridor. Positioned on a newly subdivided ±0.60-acre parcel with approximately ±4,089 SF of existing building space, the site supports multiple exit strategies and potential uses—from residential development to owner-occupied commercial operations or long-term investment. Located in the town’s R-1 zoning district, the property currently has conceptual approval from the municipality to develop between two and four residential units. Upon request, ownership can provide a full package of deliverables, including survey, architectural drawings, and engineered site plans, streamlining the redevelopment process for a buyer interested in capitalizing on Lafayette’s evolving housing demand. For commercial users, the property presents an equally compelling case. With low-impact, low-density uses permitted via special use permit, this could serve as an ideal setting for a small business operator, professional office, health services provider, or similar user seeking space in a quiet, accessible setting. Heavy industrial uses are unlikely to be supported by the town, preserving the area’s residential character. Investors will find upside through strategic rehabilitation and leasing. A pro forma model (available in the flyer and listing package) demonstrates a potential 10.7% cap rate based on projected rents and modest renovation assumptions—an uncommon yield in the Onondaga County market. Notably, this property lies just a few miles from one of the region’s most ambitious residential development announcements: the former Lafayette Hills Country Club is set to be transformed into Lafayette Hills Estates & Country Club—a master-planned resort community featuring nearly 300 new homes, a 9-hole golf course, man-made lakes, and extensive public trails. With homes projected to range from $350,000 to over $1 million, this future development is expected to substantially enhance the residential and commercial demand profile of Lafayette. Additionally, the current owner is open to including the adjacent ±1-acre parcel, subject to negotiation. The lot line adjustment and newly subdivided parcel boundaries are clearly depicted in the flyer. Whether you're a builder looking to deliver much-needed residential inventory, an investor seeking strong returns with minimal local competition, or a business owner seeking functional, flexible space in a growing corridor—1922 US Route 11 delivers real, tangible upside. **All information is deemed reliable but not guaranteed. Buyer to conduct independent due diligence. Development potential subject to municipal approval.**

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The Route 11 Flex Center

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

Lighting - Fluorescent, Gas - Propane, Water - Well, Sewer - Septic Field, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.6

LAND SF

26,136

ZONING

R-1

APN/PARCEL ID

313400-012-000-0002-016-000-0000

ASK ABOUT THIS PROPERTY

John TrencaTrenca & Co RealtyMore Info
315-572-3823

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John TrencaTrenca & Co RealtyMore Info
315-572-3823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.