414 Ash & Lodi Street, Syracuse, NY

Retail for Sale - $1,750,000 - 4,983 Sq. Ft. on 0.23 acres


Agent Info

Richard Wilbur
Coldwell Banker Prime Properties

Property Info

CIMLS#1150185
Location
  414 Ash & Lodi Street
  Syracuse NY 13208
UpdatedFebruary 26th, 2024
TypeRetail
Price$1,750,000
Building4,983 Sq. Ft.
Land0.23 acres

Property Description

Lucrative Business Opportunity to Purchase CNYs 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.


Financials


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