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2965 Erie Blvd E
Syracuse, NY 13224
Retail Property For Sale
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
$2,224,432 CAD
Price Per SF
$309.98 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
Property Taxes
| Parcel Number | 311500-033-000-0001-010-000-0000 | Improvements Assessment | $1,127,370 CAD |
| Land Assessment | $255,115 CAD | Total Assessment | $1,382,484 CAD |
Property Taxes
Parcel Number
311500-033-000-0001-010-000-0000
Land Assessment
$255,115 CAD
Improvements Assessment
$1,127,370 CAD
Total Assessment
$1,382,484 CAD
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