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6890 Highbridge Rd

2.46 Acres of Commercial Land Offered at £1,895,234 in Fayetteville, NY 13066

Investment Highlights

  • Over 55,000 AADT Traffic Count
  • Zoned "Special Business Transitional", this location offers a wide variety potential use (contact Tom Voumard for details).
  • Have existing plans for expantion to 20,000 sf building.
  • Average HH Income $89,724 within 3 Mile radius
  • " Great road frontage on 2 sides ot courner and exposure with 2 in and out curb cuts on both end of property.
  • 5 Way Traffic Light on 2 sides of property.

Executive Summary

This property is the site of Industrial Color Labs a local retail institution, and one of the region’s most prominent retail locations. Situated on 2.46 acres, this offering includes the Existing building consisting of approximately 7,140 SQ.FT. This corner site offers dual curb cuts along both Bridal Path Traffic light at E Genesee Street, Route 5, Route 92, Lyondon Road and Bridal Path allowing for easy access in and out on both sides of the parcels. This is a 5 Way intersection with traffic lite this location may well be the most visible retail corner in Onondaga County - offering exposure and access to 55,000 vehicles per day from some of the most affluent neighborhoods in Central New York. Being located between Wegmans and Fayetteville Towne Center, Aldi, Verizon, Solvay Bank, NBT Bank, Mobile Gas Station, Peter Harris and strip plaza. it's no wonder that this intersection has the highest daily traffic count in the County for a non-highway location. We are looking for a non-subordinated land lease only on the 2.46 acres which includes the existing 5,000 SQ FT footprint with an approximately 2,500 SG FT balcony. I am looking for 249K NNN per year for a minimum of 15 years and a 5% increase each 5 years after that. Buyer would have the option to do with the building what they want. I have plans available for Redevelopment 19,830 SF building using the existing steal frame and cement base of the previous building. Industrial Color Labs would like to remain a tenant if possible or Joint Venture

Property Facts

Price £1,895,234
Sale Type Investment
Sale Conditions
Ground Lease Sold
  • Ground Lease (Leased Fee)
  • Development Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Bank
  • Drugstore
  • Storefront
  • Storefront, Retail or Office
  • Strip Centre
Total Lot Size 2.46 AC

1 Lot Available

Lot

Price £1,895,234
Price Per AC £770,420
Lot Size 2.46 AC

Situated on 2.46 acres, at 55,000 cars pass by 5 way light intersection offering includes the Existing building consisting of approximately 7,140 SQ.FT

Description

This property is the site of Industrial Color Labs a local retail institution, and one of the region’s most prominent retail locations. Situated on 2.46 acres, this offering includes the Existing building consisting of approximately 7,140 SQ.FT. This corner site offers dual curb cuts along both Bridal Path Traffic light at E Genesee Street, Route 5, Route 92, Lyondon Road and Bridal Path allowing for easy access in and out on both sides of the parcels. This is a 5 Way intersection with traffic lite this location may well be the most visible retail corner in Onondaga County - offering exposure and access to 55,000 vehicles per day from some of the most affluent neighborhoods in Central New York. Being located between Wegman's and Fayetteville Towne Center, Aldi, Verizon, Solvay Bank, NBT Bank, Mobile Gas Station, Peter Harris and strip plaza. it's no wonder that this intersection has the highest daily traffic count in the County for a non-highway location. We are looking for a non-subordinated land lease only on the 2.46 acres which includes the existing 5,000 SQ FT footprint with an approximately 2,500 SG FT balcony. I am looking for 249K NNN per year for a minimum of 15 years and a 5% increase each 5 years after that. Buyer would have the option to do with the building what they want. I have plans available for Redevelopment 19,830 SF building using the existing steal frame and cement base of the previous building. Industrial Color Labs would like to remain a tenant if possible or Joint Venture

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
312689-077-000-0006-009-001-0000
Land Assessment
£85,321
Improvements Assessment
£286,221
Total Assessment
£371,542

zoning

Zoning Code Comercial (Commercial)
Comercial (Commercial)
  • Listing ID: 14016010

  • Date on Market: 09/10/2018

  • Last Updated:

  • Address: 6890 Highbridge Rd, Fayetteville, NY 13066

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