1524 Valley Drive
Syracuse, NY 13207
MLS #S1005599

  • 2,400sq ft
  • 0.1105acres
A-Active $675,000
Est. P&I payment: $2578.04/mo
Description for 1524 Valley Drive, Syracuse, NY 13207
After 62 years of being the owners and operators of Luigi’s Restaurant, the family has decided to move on. Luigi’s is known throughout CNY for serving delicious homemade Italian food of the highest quality. Check out their website: http://luigisofsyracuse.com/home/2760895 . Luigi’s has a long list of loyal customers that appreciate this wonderful Restaurant and spread the word. The facility is in excellent condition, seats 100 people, and includes a private room for parties of up to 50. Catering and take out are also available. Gross annual income exceeds 1.2 million dollars. Net Operating Income is $250,000. If you are considering becoming a restauranteur, contact the listing agent; we can meet at Luigi’s and enjoy one of their signature dishes. Owner financing is available!
MLS #S1005599
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My Notes for MLS #S1005599

General Features

  • Property Type: Commercial/Industrial
  • Status: A-Active
  • Total Num of Units: 1
  • Type Of Building: Restaurant / Food
  • Type of Sale: Normal
  • Year Built: 1950
  • Year Built Description: Existing

Exterior Features

  • Construction: Brick
  • Lot Dimensions Depth: 107
  • Lot Dimensions Frontage: 45
  • Lot Shape: Rectangular
  • Num of Acres: 0.1105
  • Num of Avl Parking Spaces: 35
  • Num of Buildings: 1
  • Parking Description: Off Site
  • Roof Description: Other - See Remarks

Interior Features

  • Floor Description: Carpet
  • Num of Stories: 1
  • Office Square Feet: 2,400
  • Sq Ft Total: 2,400

Utility Features

  • Heating Fuel Description: Gas
  • HVAC Type: AC-Central,​Baseboard,​Hot Water
  • Sewer Water: Public Sewer Connected,​Public Water Connected

Financial Features

  • City Village Tax: 1,134
  • Gross Annual Income: 1,200,000
  • Incomeexpense Information: May Show Books,​Provided By Accountants,​Provided By Owner
  • Operating Expenses Include: Accounting/Legal,​Advertising,​Electric,​Gas/Oil,​Insurance,​Licenses/Permits,​Management,​Other - See Remarks,​Payroll,​Repairs/Maintenance,​Supplies,​Utilities,​Workers Compensation
  • School Tax: 1,649
  • Total Taxes: 4,285
  • Town County Tax: 1,502

Community Features

  • City Neighborhood: South Valley
  • County Or Parish: Onondaga
  • Location: Business District
  • Nearest Cross Street: Seneca Turnpike
  • Public Transportation: 1 Block
  • Subdivision Comm Complex: Valley
  • Village: Not Applicable

School Features

  • Elementary School Name: Edward Smith K-8
  • High School Name: Corcoran High
  • Middle School Name: Other - See Remarks
  • School District Name: Syracuse

Miscellaneous Features

  • Available Documents: Certificate Of Occupancy,​Equipment List,​Liquor License,​Operating Statements,​Survey
  • Building Miscellaneous: Booth(S),​Carpet,​Furniture/Equipment
  • Num Years Established: 60
  • Sale Includes: Land,​ Building and Business
  • Seating Capacity: 100
  • Seller Desires: Installment,​Other - See Remarks
  • Seller Provides: Survey
  • Zoning Code: com


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Directions to 1524 Valley Drive, Syracuse, NY 13207
Route 173 to Valley Drive (1524) Across from Gannon's Isle Ice Cream Dessert Shop
The listing information for 1524 Valley Drive, Syracuse, NY 13207 was graciously provided by our friends at the listing brokerage, Hunt Real Estate ERA

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P&I Payment $2578.04
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Last Updated 09/25/2017 at 11:13pm
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