405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
405 Pond ST, Syracuse, NY 13208
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$ 339,000
Est. payment | /mo

6,638 SqFt


$ 339,000
Est. payment | /mo

6,638 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,638 sqft

Price per Sqft $51

MLS Listing ID S1695405

Construction Status Existing

HOA Y/N No

Year Built 1940

Annual Tax Amount $6,844

Lot Size 3,267 Sqft

Acres 0.075

Lot Dimensions 33X99

Property Sub-Type Commercial

Property Description

Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use property featuring a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-term grocery tenant paying $1,600/month, one at $1,300/month, one apartment at $800/month, and a vacant top-floor apartment previously rented for $1,300/month. Gross monthly rent $5,000.

Recent capital improvements include a new roof and 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 strong cash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.

Location

State NY

County Onondaga

Area Syracuse City-311500

Zoning MX-2

Rooms

Basement Full

Interior

Heating Gas, Forced Air, Hot Water

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Shingle

Total Parking Spaces 10

Building

Lot Description Irregular Lot

Story 3

Sewer Public Sewer

Water Public

Construction Status Existing

Schools

School District Syracuse

Others

Tax ID 311500-007-000-0030-030-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1695405

Listed by Hunt Real Estate ERA

Nearby Locations

GET MORE INFORMATION

Damaris Rivera
Damaris Rivera

Broker License ID: 10491209510

+1(585) 754-3821 | damaris@rrealtyrochester.com

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405 Pond ST