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2571 US Route 11 9,416 SF 100% Leased Office Building La Fayette, NY 13084 $995,000 ($105.67/SF)
Investment Highlights
- Federal government agency tenant leased through December 31, 2028.
- Multi-tenant office investment with three occupied suites and 100% occupancy.
- Situated on a 1.5-acre parcel with paved parking for 36 vehicles.
- Recent capital improvements include a new roof and HVAC system installed in June 2025.
- Located near the I-81 interchange with direct access along Route 11.
- Reported annual rent of $171,000 and reported NOI of $100,704.
Executive Summary
Excellent opportunity to acquire a fully occupied, multi-tenant office investment in a highly accessible LaFayette location. Situated on approximately 1.5 acres near the I-81 interchange, the property features three occupied office suites totaling approximately 8,400 rentable square feet, additional common areas, and paved parking for 36 vehicles. Major capital improvements completed in 2025 include a new roof and new heating and cooling system. With established tenancy, strong occupancy, ample parking, and convenient access to Syracuse and the surrounding Central New York region, this property offers a great opportunity for investors seeking a well-maintained commercial asset. Supporting leases, financial records, and operating information are available to qualified buyers upon request.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,416 SF
Building Class
B
Year Built
1995
Price
$995,000
Price Per SF
$105.67
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,250 SF
Building FAR
0.14
Lot Size
1.54 AC
Zoning
07
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Property Taxes
| Parcel Number | 313400-020-000-0005-010-002-0000 | Improvements Assessment | $476,500 |
| Land Assessment | $43,500 | Total Assessment | $520,000 |
Property Taxes
Parcel Number
313400-020-000-0005-010-002-0000
Land Assessment
$43,500
Improvements Assessment
$476,500
Total Assessment
$520,000
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