210 E Fayette St - Office FOR SALE


Syracuse, NY 13202- Downtown Syracuse
$1,600,000 USD
315-472-6511
210 E Fayette St, Syracuse, NY for Sale
$1,600,000 USD
Office - FOR SALE
1/32
null | 12% Cap Rate

NEW


210 E Fayette St
Syracuse, NY 13202
Downtown Syracuse


HIGHLIGHTS

  • Seven-story mixed-use property featuring windows on all sides for optimal natural light.
  • Two green roofs located on the third and seventh floors, adding sustainable design elements.
  • Major upgrades include new plumbing, electrical, and natural gas systems, separately metered on each floor.
  • Heated front sidewalk installed with dedicated boiler for winter accessibility.
  • Fully remodeled sixth and seventh floors currently occupied by a law firm.
  • Mixed-use zoning enables flexibility for residential apartments or condominiums alongside commercial operations.

OVERVIEW

The Lafayette Building offers a distinctive ownership opportunity in the heart of downtown Syracuse’s Cathedral Square district. This seven-story, stand-alone structure features windows on all sides and includes unique design elements such as two green roofs on the third and seventh floors. Built in 1926 and meticulously gutted in 2003, the property combines historic architectural appeal with modernized infrastructure. Updates include new plumbing, natural gas lines, and electrical systems for each floor, all separately metered, along with new copper water lines and conduit for internet access. Fire protection measures include core wet sprinklers and hookups on every level. Floors six and seven have been fully remodeled and are currently occupied by a law firm, while the first floor offers a partially finished meeting space with a restroom. With its mixed-use zoning, potential exists for apartment conversion as rentals or condominiums alongside commercial applications. There is a driveway running the length of the building with five private parking spaces. The building sits within a vibrant downtown where multiple surrounding properties have transitioned to residential, leading to consistently low vacancy rates. A calculated CAP rate of 12% with 90% occupancy underscores long-term investment upside. Heated sidewalk infrastructure, a rebuilt elevator generator, and recent transformer replacement enhance operational reliability. This building is well-positioned for owner-users or investors seeking downtown prominence and adaptive reuse potential in a thriving urban corridor.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lafayette Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,213 SF

ZONING

MX-5: CBD

APN/PARCEL ID

311500-102-000-0001-001-002-0000

ASK ABOUT THIS PROPERTY

Frederick DaviesPutnam Properties, LLCMore Info
315-472-6511

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Frederick DaviesPutnam Properties, LLCMore Info
315-472-6511

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