506 E Washington St - Office FOR SALE


Syracuse, NY 13202- Downtown Syracuse
$1,100,000 USD
315-427-5737
506 E Washington St, Syracuse, NY for Sale
$1,100,000 USD
Office - FOR SALE
1/1
null | 7.55% Cap Rate

NEW


506 E Washington St
Syracuse, NY 13202
Downtown Syracuse


HIGHLIGHTS

  • Prime Downtown Syracuse Location with on-site parking
  • Available 1,674 s.f. space allows for Owner-Occupied situation with future growth potential
  • 32 on-site parking lot allows for additional revenue
  • Desirable MX-5 Zoning would allow for a sizable future redevelopment project on the .6 acre site
  • Convenient location to Courthouses and Syracuse University

OVERVIEW

PRIME DOWNTOWN OFFICE BUILDING WITH 32-CAR PARKING LOT INCLUDED!! This 6,300 s.f. completely renovated office building provides direct access for tenants and free-on-site parking for employees and clients. Additional parking spaces can be leased out to neighboring business to generate additional income. Two existing tenants have lease commitments for 3-5 years and a vacant office space provides an excellent opportunity for a user-owner. The property is ideally located near the courthouses and Syracuse University. Future redevelopment opportunities for this property are enticing as development pressures for prime downtown and University Hill real estate continue to escalate.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

DOWNTOWN OFFICE INVESTMENT WITH PARKING

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

Commercial

APN/PARCEL ID

311500-103-000-0025-001-000-0000

ASK ABOUT THIS PROPERTY

Martin McDermottJF Real EstateMore Info
315-427-5737

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Martin McDermottJF Real EstateMore Info
315-427-5737

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