2956-2960 Erie Blvd E - Restaurant FOR SALE


De Witt, NY 13224
$2,500,000 USD
315-372-7772
2956-2960 Erie Blvd E, De Witt, NY for Sale
$2,500,000 USD
Restaurant - FOR SALE
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2956-2960 Erie Blvd E
De Witt, NY 13224


HIGHLIGHTS

  • 2956-2960 Erie Blvd East represents a rare opportunity to acquire or lease a 10,040 SF freestanding facility situated on a 1.4 acre parcel
  • Turnkey
  • Full equipped commercial
  • New HVAC, plumbing and electrical

OVERVIEW

2956-2960 Erie Blvd East represents a rare opportunity to acquire or lease a 10,040 SF freestanding facility situated on a 1.4 acre parcel within the region’s premier commercial artery. With an exceptional parking ratio of 10.00/1,000 SF (100 spaces), this site is engineered for high-volume operations. The property commands excellent visibility on Erie Boulevard, 130’ on Erie Boulevard, the market's highest-volume surface street, supporting approximately 21,000 VPD (vehicle per day). Strategic proximity to the I-690 interchange provides seamless connectivity to the Syracuse/DeWitt CBD (commercial business district) and the greater I-81 corridor. The asset is positioned within a core retail cluster featuring national category leaders such as Walmart, Trader Joe's, Best Buy, and The Home Depot. The property features 140 sitting capacity dinning area, 5 private karaoke/party rooms, elevator, fully equipped commercial kitchen, BBQ tables, outdoor dinning patio and loading dock. Flexible commercial zoning supporting a wide range of retail, restaurant, and showroom uses. Retail Anchors: just minutes from major shopping destinations. Medical and Professional Hubs: Proximity to dense concentration of medical offices, 4 major hospitals and 2 universities, provides a built-in daytime population of professionals and clients. Investment asset: economic catalysts & development pipeline such as recent significant public and private developments including Micron, new proposed hubs, ever expanding University student housing, further solidify this corridor as a premier destination. Whether you are looking to re establish a sizable restaurant or to expand commercial retail presences, this property offers immediate upside for an owner/user or value-add investor with high traffic volume, regional market positioning, and investment stability.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

MX3

APN/PARCEL ID

311500-033-000-0005-009-001-0000

ASK ABOUT THIS PROPERTY

Catherine HuangHoward Hanna Real Estate ServicesMore Info
315-372-7772

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Catherine HuangHoward Hanna Real Estate ServicesMore Info
315-372-7772

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