414 Ash & Lodi Street Syracuse NY 13208 MLS #S1494292

414 Ash & Lodi Street
Syracuse, NY, 13208
$1,750,000
Beds
0 Baths
4,983 SqFt
0.23 Acres
Lucrative Business Opportunity to Purchase CNY’s largest Retail & Wholesale Supplier of Asian & International Products and Services. Convenient parking and easy accessibilty to major highways has resulted in a consistent, loyal clientele from Albany, Buffalo, Ithaca, Watertown and beyond. The daily operations occur almost seamlessly from the: battery powered mobile checkout, precise point-of-sale inventory monitoring to meticulous employee record keeping. Purchased only 10 years ago, and to accomodate the phenomenal yearly growth, decision was made 5 years ago to expand the building by 2000 sq ft at the cost ot $875,000 with freight elevator to 2000 sq ft lower level additional storage. In addition to vendor deliveries of authentic miscellaneous merchandise the recently purchased Mercedes Sprinters make weekly trips to procure the freshest vegetables, fruits, meats, seafoods. The Wholesale operation has become a reputable and trusted supplier to restaurants for their culinary requirements. Annual Gross Revenue: Retail $3.5+ mil and Wholesale $825K+ operations including impressive profit margins, revenue and historical performance will be provided to serious inquiries upon request.

Property Details

Price:
$1,750,000
MLS #:
S1494292
Status:
Active
Beds:
0
Baths:
0
Address:
414 Ash & Lodi Street
Type:
Commercial
Subtype:
Business
Subdivision:
Syracuse – Northside
City:
Syracuse
Listed Date:
Oct 18, 2023
State:
NY
Finished Sq Ft:
4,983
ZIP:
13208
Lot Size:
0 acres
Year Built:
1940
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414 Ash & Lodi Street
Syracuse, NY

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Schools

School District:
Syracuse

Interior

Cooling
Central Air
Flooring
Concrete
Heating
Gas, Forced Air

Exterior

Parking Features
On Site
Roof
Asphalt, Shingle

Financial

Buyer Agent Compensation
3%
Net Operating Income
$3,890,529
Taxes
$9,471

Map

Community

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