$2,100,000 USD
315-427-5737
HIGHLIGHTS
- Prime location for University Student Housing or other multi-family development or Hotel
- Located in Syracuse Designated Opportunity Zone
- Attached preliminary plans show a 124-unit, 5-level residential building with 60 on-site parking spaces
- Located adjacent to over $100 million in Student housing development
- Located on Syracuse University's Connective Corridor Bus Loop.
OVERVIEW
A PRIME residential development site suitable for multi-family or student housing construction. Also ideal for Hotel.
The attached plans show 126-units in a 4-story building with on-site parking for 60 cars.
The property is graded, paved and fenced and currently operates as paid parking lot.
The property is located at the intersection of University Avenue and East Fayette Street.
In the surrounding 1/4 mile, over $100 million in new student housing development has occurred over the last few years.
Excellent access to I-690 and the proposed new Crouse/Irving Exit/Entrance ramps (The new Gateway to Syracuse University).
The property is located in the Syracuse designated Opportunity Zone.
FOR SALE DETAILS
PRICE
$2,100,000 USD
PRICE/ACRE
$2,333,333/AC
PRICE/SF
$54 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY NAME
Syracuse University Housing Development Site
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Residential
LAND PROPOSED USE
Multi-Family, Hospitality, Apartment Units, Hold for Development, Hold for Investment, Hotel
LAND ACRES
0.9 AC
LAND SF
39,204 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation
ZONING
CA/MX-5
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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315-427-5737
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315-427-5737
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