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The Route 11 Flex Center 1922 US-11 4,089 SF Flex Building Tully, NY 13159 $418,776 CAD ($102.42 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Conceptual Approval for 2–4 Residential Units
  • Flexible Zoning with Special Use Potential
  • Minutes from Future Lafayette Hills Resort Community
  • ±4,089 SF Commercial Building on ±0.60 Acres
  • Strong Investment Upside with 10.7% Pro Forma Cap Rate
  • Optional Adjacent Acre Available for Purchase

EXECUTIVE SUMMARY

**$50,000 PRICE REDUCTION**
1922 US Route 11 offers a rare and highly versatile opportunity in the Town of Lafayette, just minutes from Syracuse and strategically located along a key north-south corridor. Positioned on a newly subdivided ±0.60-acre parcel with approximately ±4,089 SF of existing building space, the site supports multiple exit strategies and potential uses—from residential development to owner-occupied commercial operations or long-term investment.
Located in the town’s R-1 zoning district, the property currently has conceptual approval from the municipality to develop between two and four residential units. Upon request, ownership can provide a full package of deliverables, including survey, architectural drawings, and engineered site plans, streamlining the redevelopment process for a buyer interested in capitalizing on Lafayette’s evolving housing demand.
For commercial users, the property presents an equally compelling case. With low-impact, low-density uses permitted via special use permit, this could serve as an ideal setting for a small business operator, professional office, health services provider, or similar user seeking space in a quiet, accessible setting. Heavy industrial uses are unlikely to be supported by the town, preserving the area’s residential character.
Investors will find upside through strategic rehabilitation and leasing. A pro forma model (available in the flyer and listing package) demonstrates a potential 10.7% cap rate based on projected rents and modest renovation assumptions—an uncommon yield in the Onondaga County market.
Notably, this property lies just a few miles from one of the region’s most ambitious residential development announcements: the former Lafayette Hills Country Club is set to be transformed into Lafayette Hills Estates & Country Club—a master-planned resort community featuring nearly 300 new homes, a 9-hole golf course, man-made lakes, and extensive public trails. With homes projected to range from $350,000 to over $1 million, this future development is expected to substantially enhance the residential and commercial demand profile of Lafayette.
Additionally, the current owner is open to including the adjacent ±1-acre parcel, subject to negotiation. The lot line adjustment and newly subdivided parcel boundaries are clearly depicted in the flyer.
Whether you're a builder looking to deliver much-needed residential inventory, an investor seeking strong returns with minimal local competition, or a business owner seeking functional, flexible space in a growing corridor—1922 US Route 11 delivers real, tangible upside.
**All information is deemed reliable but not guaranteed. Buyer to conduct independent due diligence. Development potential subject to municipal approval.**

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $418,776 CAD
Price Per SF $102.42 CAD
Sale Type Owner User
Sale Conditions
Build to Suit
  • Deferred Maintenance
Property Type Flex
Property Subtype
Showroom
  • FlexLight Distribution
  • Office Office Residential
Building Class C
Lot Size 0.60 AC
Rentable Building Area 4,089 SF
No. Stories 1
Year Built 1940
Tenancy Single
Parking Ratio 5.62/1,000 SF
No. Drive In / Grade-Level Doors 2
Zoning R-1 - R-1 Zoning: Single-family, 60,000 SF lots, 35' max height, 20% coverage. Low-impact, low-density special uses allowed by permit.

AMENITIES

  • Signage
  • Storage Space
  • Monument Signage

UTILITIES

  • Lighting - Fluorescent
  • Gas - Propane
  • Water - Well
  • Sewer - Septic Field
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
313400-012-000-0002-016-000-0000
Land Assessment
$63,169 CAD (2024)
Improvements Assessment
$63,169 CAD (2024)
Total Assessment
$126,338 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 35829516

  • Date on Market: 2025-05-12

  • Last Updated:

  • Address: 1922 US-11, Tully, NY 13159

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