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372 NY 31 - RETAIL PROPERTY FOR SALE 3732 NY-31 Rt 3,000 SF Vacant Retail Building Canastota, NY 13032 $699,900 ($233.30/SF) 6.90% Cap Rate
Investment Highlights
- Moderate traffic, Lake Views, Near Several Marina's, Hidden Harbor Fishing rooms and minutes to several restaurants!
- Overlooking Oneida Lake, 4 Miles to Sylvan Beach & thew Lakehouse Casino, Other Casinos 12-15 mins to Turning Stone, Point Place or Yellow Brick Road!
- The property currently supports three potential business ventures!
Executive Summary
Retail Spaces and Investment Opportunities Overlooking Oneida Lake - PROPERTY IS FOR SALE NOT BUSINESSES
Spectacular Views and Retail Spaces
Enjoy Breathtaking Views & Spectacular Sunsets Overlooking Oneida Lake with three distinct retail spaces, offering approximately 1,500 square feet. These include:
• South Shore Nautical: A nautical store specializing in marine/boat parts and gifts.
• South Shore Wines: A wine shop catering to enthusiasts and visitors.
• Ice Cream Store: A popular destination for seasonal ice cream treats.
All three businesses currently operate on a seasonal basis, providing a unique opportunity for both visitors and locals to enjoy a variety of retail experiences during peak times.
Potential Uses for Retail Spaces
There are several options for utilizing these retail spaces:
• Maintain Current Operations: Continue renting the spaces as they are and collect rental income.
• Winery Expansion: Transform the property into a winery by purchasing the land and grape vines located behind the retail spaces. The grape varieties include:
• Whites: Frontenac, Blanc, Brianna, LA, and Crescent.
• Reds: Frontenac, Frontenac Gris, and Marquette.
• Wine Tasting Room: Establish a wine and wine tasting room, offering guests a relaxing atmosphere to enjoy local wines.
• Brewery or Bar: Develop the spaces into a brewery or bar to attract a wider range of customers.
• Other Retail Opportunities: The possibilities for retail development are endless, allowing for creative and diverse uses tailored to the needs of the community.
Spectacular Views and Retail Spaces
Enjoy Breathtaking Views & Spectacular Sunsets Overlooking Oneida Lake with three distinct retail spaces, offering approximately 1,500 square feet. These include:
• South Shore Nautical: A nautical store specializing in marine/boat parts and gifts.
• South Shore Wines: A wine shop catering to enthusiasts and visitors.
• Ice Cream Store: A popular destination for seasonal ice cream treats.
All three businesses currently operate on a seasonal basis, providing a unique opportunity for both visitors and locals to enjoy a variety of retail experiences during peak times.
Potential Uses for Retail Spaces
There are several options for utilizing these retail spaces:
• Maintain Current Operations: Continue renting the spaces as they are and collect rental income.
• Winery Expansion: Transform the property into a winery by purchasing the land and grape vines located behind the retail spaces. The grape varieties include:
• Whites: Frontenac, Blanc, Brianna, LA, and Crescent.
• Reds: Frontenac, Frontenac Gris, and Marquette.
• Wine Tasting Room: Establish a wine and wine tasting room, offering guests a relaxing atmosphere to enjoy local wines.
• Brewery or Bar: Develop the spaces into a brewery or bar to attract a wider range of customers.
• Other Retail Opportunities: The possibilities for retail development are endless, allowing for creative and diverse uses tailored to the needs of the community.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1910/2006
Price
$699,900
Price Per SF
$233.30
Cap Rate
6.90%
NOI
$48,293
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.04
Lot Size
1.57 AC
Zoning
Part res use - Commercial and part Residential
Amenities
- Signage
- Storage Space
- Smoke Detector
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 253689-013-022-0001-018-000-0000 | Total Assessment | $82,700 |
| Land Assessment | $21,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $61,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
253689-013-022-0001-018-000-0000
Land Assessment
$21,300
Improvements Assessment
$61,400
Total Assessment
$82,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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372 NY 31 - RETAIL PROPERTY FOR SALE | 3732 NY-31 Rt
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