The subject property is located at 101-135 Old Cove Road, in the Towns of Clay and Salina, County of Onondaga, State of New York. It is located in a thriving business community with retail and office users in the immediate area. Centro buses run daily in the area. As a result, it is a prime location for office space.
Access to Interstate Routes 81 and 690 is within two miles of the subject property. Thruway Exit 38 is within 7/10 of a mile from the property.
Within a three mile radius of the subject property, a heavily populated residential area contains a labor force with a 93% employment rate. ¾ of this labor force is made up of managerial, administrative and other professional positions with a mean income of $28,722.
The area also has recreational and cultural facilities, such as: Onondaga Lake Park, The Salt Museum, and the Onondaga Sainte Marie Living History Museum.
Corporate neighbors of the property include Eckerd Drugs, Crouse Physical Therapy and Wellness, Cingular Wireless, and Lipe Rollway.
Approximately 20,000 cars pass on the subject property’s main street called Route 57, on a daily basis.
There is abundant parking in the site’s 132 vehicle lot, located in front of and adjacent to the subject site’s two contemporary buildings.
In summary, the subject enjoys a desirable location with good identity and access to and from all the interstate routes. It is located in close proximity to the prestigious Onondaga Lake Park, Coca-Cola and The Route 57 Retail Shopping District.
The subject property is located at 101-135 Old Cove Road, on the west side of Route 57, north of the Village of Liverpool, partly in the Town of Clay, partly in the Town of Salina (adjoining), County of Onondaga, State of New York.
The subject is an irregular shaped parcel. It contains 5.626+ acres, with the following property lines: an east line of 453′ (fronting Route 57); north lines of 157′, 172′ and 193′; a west line of 658′; and a south line of 458′.
Ingress and egress are available off Route 57 (no signalization), with two curb cuts off Old Cove Road.
The site is generally level with a gentle negative slope to the west. All utilities are available and connected to the property, including: public gas, electric, telephone, water and sewer services.
Roadways are paved and in good condition. We estimate approximately 132 parking stalls in the lot, which is in average condition. Lawn improvements include shrubs, trees, gravel beds and good quality landscaping.
The site is improved with a 2 story office building. A detailed description of the building follows in outline form.
Type: Two single story, steel and concrete insulated office buildings containing a total area as follows:
101 Old Cove Road
13,800+ square feet gba
11,841+ square feet nra
135 Old Cove Road
13,860+ square feet gba
11,828+ square feet nra
Foundation: Concrete slab on grade. No sub-flooring or basements.
Exterior: Wrap-around stained cedar roof with stained column supports and glass enclosed vestibules with skylights, bronze trim and recessed lighting.
Roof: Rubber roofing system over flat roof deck with 6″ batt insulation on ceiling (R-19). Roof is rated R-20. Flooring: Combination commercial grade carpet (100% continuous filament Olefin pile) and ceramic or quarry tile floors.
Interior Partitions: Painted or wall covered ½” qypsum wallboard over 3 5/8″ metal studs. Solid core oak doors (chrome hardware) and painted hollow metal frames. Ceilings are 2′ x 2′ (acoustic) with 2′ x 4′ recessed fluorescent lights with acrylic lenses (two for every 12-+ square feet of rental space). The building is sprinklered.
Windows: Modern reflective glass windows wrapped around the exterior.
Plumbing: Both buildings feature (3) fixture men’s and (3) fixture women’s, CT wall, tile floor and dropped fluorescent lights.
Heating & Air Conditioning: Gas fired, forced air (rooftop) units ducted to space for normal office use; tenant controlled.
Electric: 800 amp, 208/3 phase main service; individual panel in each tenant space; 1 receptacle per every 150 square feet of rental space according to New York State Electrical Code.
Kitchens: There are kitchenettes available in both Donwood I and II.
Comments: The subject represents two nicely landscaped, single story office buildings, which are modern, attractive and well maintained. Their stable occupancies reflect competitiveness and desirability in this market.