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2965 Erie Blvd E 7,176 SF Retail Building Syracuse, NY 13224 $2,190,512 CAD ($305.26 CAD/SF)
Investment Highlights
- Prime Erie Blvd East Restaurant Row location. High visibility
- Turnkey Restaurant including (partial) FF&E
- EDPM rubber roof. 1,000A/3-Phase power. CM Zoning allows for multiple uses
- Easily accessible from I-690 at Midler Avenue or Thompson Road
- Full Refrigeration (2 coolers/1 freezer), Dining for 115± / Bar/Dining for 45±, 125± car parking
- Adjacent property available for a total of 3.0± acres
Executive Summary
Red Lobster lease was terminated. Sale price includes all existing FF&E. Operating Expenses reported as $6.30/SF of which $26,988 (2023) is defined as Property Taxes ($3.76/SF). Seller does not warrant the prior reported Operating Expenses.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,176 SF
Building Class
C
Year Built
1981
Price
$2,190,512 CAD
Price Per SF
$305.26 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.62 AC
Zoning
CM
Parking
125 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
104’ on Erie Blvd
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Red Lobster as former Tenant has vacated and fully terminated lease. Lease price includes FF&E. NNN cost reported (previously) as $6.30/SF (being provided without warranty).
| Space | Size | Space Use | Position | Available |
| Entire Bldg | 7,176 SF | Restaurant | - | Now |
Entire Bldg
| Size |
| 7,176 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Entire Bldg
| Size | 7,176 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Red Lobster as former Tenant has vacated and fully terminated lease. Lease price includes FF&E. NNN cost reported (previously) as $6.30/SF (being provided without warranty).
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 311500-033-000-0001-010-000-0000 | Improvements Assessment | $1,110,179 CAD (2024) |
| Land Assessment | $251,224 CAD (2024) | Total Assessment | $1,361,403 CAD (2024) |
Property Taxes
Parcel Number
311500-033-000-0001-010-000-0000
Land Assessment
$251,224 CAD (2024)
Improvements Assessment
$1,110,179 CAD (2024)
Total Assessment
$1,361,403 CAD (2024)
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2965 Erie Blvd E
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