246 Kinne Street, East Syracuse, NY 13057

New - 21 Hours Ago
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Property Description

Positioned on a high-visibility corner in the Village of East Syracuse, this 2,500 sq ft mixed-use commercial building offers a strong, stable investment opportunity with long-term tenancy already in place. The property is fully occupied by two established businesses-a neighborhood minimart and a hair salon-both of which have been reliable, long-term tenants. The salon has operated here since the building was originally constructed, and both tenants are current on rent, providing immediate and consistent cash flow from day one. Located at the corner of James Street and Kinne Street, the property benefits from excellent exposure, steady traffic, and strong walkability, with public transportation conveniently located right on the block. Large parking lot can accomodate 10-14 cars and there is abundant street parking as well. Current rents total $2,710/month ($32,520 annually), with tenants responsible for their own utilities, helping keep operating costs predictable. At the current asking price, the property operates at approximately a 7% cap rate based on current income and expenses. This is an ideal opportunity for investors seeking a low-maintenance property with dependable income and long-term upside in a well-established East Syracuse location.

246 Kinne Street | MLS# S1670624

This commercial property located at 246 Kinne Street, East Syracuse, NY 13057 is currently listed for sale with an asking price of $325,000. Kinne Street is located within the East Syracuse-Minoa school district. Search East Syracuse real estate on online.cbpp.com today.

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Property Features

Property Type: Commercial - Business
Basement: None
Cooling: Central Air
Heating: Gas, Forced Air
Lot Size: 0.37 Acres
Roof Type: Flat
Stories: 1.0
Taxes: $6,357
Year Built: 1970

Feature Descriptions

Exterior: Brick
Flooring: Linoleum, Vinyl
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 104X150
Parcel#: 312601-002-000-0001-001-000-0000
Parking: On Site
Parking Notes: On Site
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected

Local Schools

School District: East Syracuse-Minoa

Demographics

Listed By / Shown By

Listing By

Agency Name: Hunt Real Estate ERA
Agency Phone: 315-682-7197

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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