Mixed-Use Commercial Building

Located along busy Seneca Turnpike (Route 5) in the Village of Canastota, this property offers excellent visibility and access less than two miles from the NYS Thruway (Exit 34). The site is surrounded by restaurants, retail, and service businesses, creating strong synergy for a range of commercial uses. With municipal utilities, ample on-site parking, and steady traffic flow, this highly accessible location connects Syracuse and Utica and benefits from nearby employers, schools, and attractions such as the International Boxing Hall of Fame and Turning Stone Resort Casino.High-visibility Route 5 commercial building in Canastota with mixed-use upside and multiple reposition options for an owner-user or investor. The property totals 4,861± SF in a two-story layout with commercial space on the main level and an apartment above. Site features include approximately 0.60± acres, on-site parking, municipal utilities, and CM zoning suitable for retail, office/medical, service, or restaurant use. Recent improvements include updated HVAC, hot water systems, windows, and exterior porch work. The interior is clean and well maintained, providing a strong starting point for reuse without a cold-shell buildout. Offered as a building-only sale. Furniture, fixtures, and equipment are available separately (pizza oven and dough machine excluded). Seller financing may be available for qualified buyers based on down payment and overall structure.Turnkey mixed-use commercial opportunity with strong Route 5 visibility in Canastota. Formerly Lauro’s Italian Restaurant, this 4,861± SF two-story property offers a fully built-out restaurant and bar on the main level with extensive FF&E and kitchen infrastructure in place, plus a residential unit above providing supplemental income. The building sits on 0.60± acres with on-site parking, municipal utilities, and CM zoning that supports a variety of commercial reuses including restaurant, retail, professional/medical office, or service. Significant capital improvements have been completed in recent years, including updated HVAC, hot water systems, windows, and exterior porch work. The space is clean, well-maintained, and positioned for an owner-user or investor seeking a high-exposure location between Syracuse and Utica. Seller financing is available for qualified buyers (terms dependent on down payment and overall structure).