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Off Market
1/6

2921 Erie Blvd E
Syracuse, NY 13224


HIGHLIGHTS

  • Current income of $104,000 NNN per year. Long-term tenant.
  • New owner can occupy 23,000 Sq. Ft. balance of building for less then $0.60/SF net !!!!
  • New Investor can achieve double-digit return, at below market rents with additional leases.
  • Major retail corridor that is a proven retail destination.
  • Ample parking with 125 paved spaces on site.

OVERVIEW

The property is a ±27,000 SF retail/office/flex building located in Syracuse, New York. The Property consists of a single-story, concrete block & steel frame building situated on a ±1.76-acre parcel. The site is ideally-located on a major retail corridor with over 22,000 AADT, approximately 0.4 miles from the Interstate 690 on-ramp. It features ±125 parking spaces (±4.63/1,000 SF ratio), ±170’ of high-profile frontage on Erie Boulevard E, a new TPO roof in 2016 with a 20-year warranty, and a utility storage garage with one ±9’ overhead door. 2921 Erie Boulevard E is currently ±17% occupied by a single tenant, Empire Visionworks. Empire is a long-term tenant in the 4,600 SF front portion of the building. The remaining SF of remaining space includes reception, conference rooms, several private offices, bullpen area, cubicles, lunch room, mail room, copier room, electrical room, restrooms, and the aforementioned utility storage garage.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Syracuse, NY (Office/Retail)

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Light Distribution

TOTAL BUILDING SIZE

27000

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.76 AC AC

LAND SF

76,666 SF

ZONING

-

APN/PARCEL ID

311500-033-000-0001-013-000-0000