RECENT PRICE ADJUSTMENT to reflect elevated interest and offers on the property and the owner's desired to close on a sale of the property 3rd quarter 2024. The Historic FW Woolworth Building is located in the heart of Syracuse's revitalized downtown...Offering excellent exposure from both South Salina and East Fayette Streets...This 56,000 s.f. building, over 4-levels, offers one of the last remaining historic redevelopment opportunities in downtown Syracuse that has experienced an boom of investment activity over the last 10 years totaling over $1 BILLION!... The top 2 floors each offer a 14,000 sf footprint with 14' ceilings, windows on 3 sides and access by two staircases and an existing elevator that provide for an excellent opportunity for the creation of 20 new loft apartments (see attached concept plan)...The first part of the Historic Tax Credit application has already be completed and approved by the existing owner allowing a new owner the ability to take advantage of this very lucrative program to facilitate the redevelopment of this property...Over 2,000 market-rate apartments have been created in downtown Syracuse over the past year with several hundred more under development with demand continuing to rise...In 2021, DGX (a Dollar General Subsidiary) opened on the 1st floor of the property in 5,580 s.f. This one lease provides $103,000.00 of NET INCOME annually with an increase to $114,331.00/year starting in 2026 thru 2031.