1401 Erie Blvd - Showroom FOR SALE


Syracuse, NY 13210- Eastside
$6,000,000 USD
315-430-1827
1401 Erie Blvd, Syracuse, NY for Sale
$6,000,000 USD
Showroom - FOR SALE
1/29
null | 7.92% Cap Rate

1401 Erie Blvd
Syracuse, NY 13210
Eastside


OVERVIEW

This 58,000 square foot industrial building is fully leased to four stable Tenants with strong and resilient business models. The building is surrounded with ample parking, 74 spaces, and the entire back side of the building is visible from Interstate 690. Syracuse University and Upstate Medical University are both about one mile from the property and provide steady economic stability and ongoing expansion. The region is experiencing major hightech and manufacturing growth, driven by Micron’s planned $100 billion campus in Clay, which is spurring new companies, workforce migration, and rising industrial demand. Downtown Syracuse,roughly one mile west, continues to revitalize with new apartments, restaurants, and mixed-use development. The area also offers excellent transportation access via I-81, I-690, and I-90, with upcoming infrastructure improvements expected to further enhance redevelopment opportunities.A full offering memorandum including a rent roll and proforma, can be provided upon request.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

7.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

undefined, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

23 Ft

DOCKS

4

DRIVE INS

4

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.13

LAND SF

49,223

ZONING

22

APN/PARCEL ID

311500-031-000-0003-018-000-0000

ASK ABOUT THIS PROPERTY

Matthew FunicielloJF Real EstateMore Info
315-430-1827

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Matthew FunicielloJF Real EstateMore Info
315-430-1827

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.