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Executive Summary

Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use propertyfeaturing a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-termgrocery tenant paying $1,600/month, one apartment at $1,300/month, one apartment at $800/month, and avacant top-floor apartment previously rented for $1,300/month. Recent capital improvements include a new roofand 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 strongcash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,000 SF
Building Class
C
Year Built
1940
Price
$505,113 CAD
Price Per SF
$252.56 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.33
Lot Size
0.14 AC
Zoning
010
Parking
8 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
33’ on Pond St
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Rent-A-Center
Tops Friendly Markets
Chase Bank
NBT Bank
Lidl

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 311500-007-000-0030-029-000-0000
  • 311500-007-000-0030-030-000-0000
Land Assessment
$23,047 CAD
Improvements Assessment
$220,913 CAD
Total Assessment
$243,960 CAD
  • Listing ID: 41265967

  • Date on Market: 2026-07-13

  • Last Updated:

  • Address: 405 Pond St, Syracuse, NY 13208

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