Van Buren, NY 13027 2115 Downer Street Road

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Presented By: Dante Belmonte with Hunt Real Estate ERA;
  • MLS# S1606806
  • 05/14/2025
  • Request Tour
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  • SQFT • 8,016

Home Details

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 just shy of a 9% 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 $500,000 into substantial improvements, including a near full interior remodel of the tenant's space, a repaved 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.
Presented By: Dante Belmonte with Hunt Real Estate ERA;

Interior Features for 2115 Downer Street Road

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Total Fireplaces
Total Stories2

General for 2115 Downer Street Road

CityVan Buren
CoolingCentralAir
CountyOnondaga
Elementary School DistrictBaldwinsville
HeatingGas, ForcedAir
High School DistrictBaldwinsville
Lease Considered Y/NNo
LevelsTwo
Lot Size Square Feet84942.0
Lot Size UnitsAcres
MLS AreaVan Buren-315689
Middle/Junior School DistrictBaldwinsville
Number Of Units Total
PossessionCloseOfEscrow
Property ConditionResale
Property TypeCommercialSale
RoofAsphalt
School DistrictBaldwinsville
SewerSepticTank
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount7795.0
Tax Assessed Value250000
Tax Lot17
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesWaterConnected
Virtual TourClick here
Virtual TourClick here
Year Built1986
Year Built DetailsExisting
ZoningCom 1
Zoning DescriptionCommercial

Exterior for 2115 Downer Street Road

Building Area Total8016.0
Gulf-FrontNo
InclusionsLand and Building
Lot Dimensions239X250
Lot FeaturesRectangular, RectangularLot
Lot Size Acres1.95
Lot Size Area1.95
Number of Buildings1
Total Parking35.0
Water SourcePublic

Additional Details

Price History

Mark Siwiec

CEO
Price $999,900
MLS#S1606806
List Date 05/14/2025
Property Type Commercial
Phone
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