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CB Faith Ilion Office

ilion@centralnewyork.com +1(315) 574-2260

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Active Under Contract

2115 Downer Street RD Baldwinsville, NY 13027

8,016 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,016 sqft

Price per Sqft $112

MLS Listing ID S1657734

Construction Status Existing

HOA Y/N No

Year Built 1986

Annual Tax Amount $7,795

Lot Size 1.950 Acres

Acres 1.95

Property Description

Exceptional Investment Opportunity – Fully Leased 8,016 SF Investment Property with Long-Term Tenancy. This 8,016 square foot commercial property offers a stable, income-producing investment at a 10.5% cap rate. The building is currently 100% leased to two tenants, providing strong, predictable cash flow. Approximately 7,100 SF is leased to PEACE, Inc., a major regional non-profit serving over 10,000 clients throughout Central New York. PEACE, Inc. recently signed a 10-year lease (started in 2024) with built-in annual rent escalations and two 5-year extension options, allowing for up to 20 years of tenancy with scheduled increases — a highly attractive feature for long-term investors. This facility houses the federally funded Head Start Program that has been around since 1968. The remaining 741 SF is leased to a reliable CPR training tenant who has maintained a long-term presence in the building and is on a month-to-month grossly below market rent. In 2024, the landlord and PEACE, Inc. jointly invested over $300,000 into substantial improvements, including a near full interior remodel of the tenant's space, new roof, a sealed parking area, and all new entryway steps and ramps. Additionally, the tenant utilizes 1,500 SF of unfinished basement space for storage, adding functional value to the asset. The landlord covers property taxes, insurance, landscaping, and snow removal, while tenants are responsible for utilities, trash removal, and basic repairs & maintenance — minimizing landlord obligations. With strong tenancy, recent capital upgrades, and structured lease escalations, this property presents a rare chance to acquire a low-maintenance, high-yield asset backed by an established community organization.

Location

State NY

County Onondaga

Area Van Buren-315689

Zoning Com 1

Interior

Heating Gas, Forced Air

Cooling Central Air

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Water Connected

Roof Type Asphalt,Shingle

Total Parking Spaces 35

Building

Lot Description Irregular Lot

Story 1

Sewer Septic Tank

Water Public

Level or Stories One

Construction Status Existing

Schools

School District Baldwinsville

Others

Tax ID 315689-034-000-0003-017-003-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1657734

Listed by Hunt Real Estate ERA

NEARBY SCHOOLS & PROPERTIES

CB Faith Ilion Office

Broker | License ID: 30VI0627417

+1(315) 574-2260

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CB Faith Ilion Office

2115 Downer Street RD Baldwinsville, NY 13027

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2115 Downer Street RD