About 405 Pond Street
Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use property featuring a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-term grocery tenant paying $1,600/month, one at $1,300/month, one apartment at $800/month, and a vacant top-floor apartment previously rented for $1,300/month. Gross monthly rent $5,000. Recent capital improvements include a new roof and 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 strong cash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.
Features of 405 Pond Street
| MLS® # | S1695405 |
|---|---|
| Price | $354,000 |
| Bathrooms | 0.00 |
| Square Footage | 6,638 |
| Square Footage | 3267 |
| Acres | 0.08 |
| Year Built | 1940 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 405 Pond Street |
|---|---|
| Area | Syracuse City |
| Subdivision | Northside |
| City | Syracuse |
| County | Onondaga |
| State | NY |
| Zip Code | 13208 |
Amenities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| Features | Irregular Lot |
| Parking Spaces | 10 |
| Parking | On Site |
| Garages | On Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Gas, Forced Air, Hot Water |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Lot Description | Irregular Lot |
|---|---|
| Roof | Shingle |
School Information
| District | Syracuse |
|---|
Additional Information
| Zoning | MX-2 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Hunt Real Estate ERA |
|---|