405 Pond St - Storefront Retail/Residential FOR SALE


Syracuse, NY 13208- Northside
$359,000 USD
315-457-7170
405 Pond St, Syracuse, NY for Sale
$359,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

405 Pond St
Syracuse, NY 13208
Northside


OVERVIEW

Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use propertyfeaturing a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-termgrocery tenant paying $1,600/month, one apartment at $1,300/month, one apartment at $800/month, and avacant top-floor apartment previously rented for $1,300/month. Recent capital improvements include a new roofand three new boilers. Tenants pay their own utilities, with the owner responsible for water/sewer. Sale also includes 403 Pond Street, providing valuable off-street parking for approximately 10 vehicles. This is a strongcash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.

FOR SALE DETAILS

PRICE

$359,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,037 SF

ZONING

010

APN/PARCEL ID

311500-007-000-0030-029-000-0000,311500-007-000-0030-030-000-0000

ASK ABOUT THIS PROPERTY

Stephen SchmittHunt Real EstateMore Info
315-457-7170

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Stephen SchmittHunt Real EstateMore Info
315-457-7170

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