SQUARE FEET6,638
MLS#S1695405
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLSyracuse
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 $4,000. 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.
Property Features
Property Type: Commercial - Business
Basement: Full
Heating: Gas, Forced Air, Hot Water
Lot Size: 0.08 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $6,844
Year Built: 1940
Feature Descriptions
Days on Site: 7
Lot: Irregular Lot
Lot Dimensions: 33X99
Parcel#: 311500-007-000-0030-030-000-0000
Parking: On Site
Parking Notes: On Site
Sewer: Public Sewer
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Syracuse
Listed By / Shown By
Listing By
Agency Name: Hunt Real Estate ERA
Agency Phone: 315-699-3200
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
Disclaimer:
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405 Pond Street | MLS# S1695405
This commercial property located at 405 Pond Street, Syracuse, NY 13208 is currently listed for sale with an asking price of $359,000. Pond Street is located within the Syracuse school district. Search Syracuse real estate on www.coldwellbankerchoice.com today.