3902 Salina StSyracuse, NY 13205

For Sale
$576,323

High-traffic location, vacant storefront, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
96
This 6,426 square foot vacant storefront, formerly occupied by Aaron's, presents a compelling investment opportunity in Syracuse, New York. Located at 3902 S Salina St, this property sits on a 0.58-acre lot and boasts a prominent position along US Highway 11, enjoying high visibility with exposure to over 7,000 vehicles daily. The asking price is $576,323, translating to $89.69 per square foot. The property offers a strong net operating income (NOI) of $42,240, resulting in an attractive 7.33% capitalization rate. While currently vacant, Aaron's will continue to pay rent for the remainder of their 3.7-year lease term. The property benefits from a strong retail environment, with nearby businesses including Family Dollar, Dunkin' Donuts, Walgreens, Burger King, Little Caesars Pizza, AutoZone, and Dollar General. This location offers excellent potential for a variety of retail uses, capitalizing on the high traffic counts and established commercial presence. The property is classified as a retail storefront and is situated in Onondaga County, New York, with a zip code of 13205. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving commercial area.

Highlights

  • 6,426 SF vacant storefront in Syracuse, NY, on a 0.58-acre lot.
  • High-visibility location on US Highway 11, with over 7,000 vehicles daily.
  • Asking price: $576,323 ($89.69/SF), offering a 7.33% cap rate and $42,240 NOI.
  • Strong retail location near Family Dollar, Dunkin', Walgreens, and other national tenants.
  • 3.7-year leasehold interest with existing rent payments from Aaron's.

Property Details for 3902 Salina St

Property type
Other retail properties, Individual retail properties
Square Feet
6,426 SF
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0103367
Longitude
-76.1427366
3902 Salina St, Syracuse, New York

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3902 Salina St
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