CENTRAL SYRACUSE INVESTMENT/REDEVELOPMENT OPPORTUNITY\ Prime location on the western edge of Downtown Syracuse and close proximity to Syracuse University 3-Story, 125,000 s.f. building with lower-level parking garage. 350 parking spaces included. 85 spaces in lower-level garage and 165 located in four on-site adjacent parking lots. Tremendous upside with $700,000.00 NOI on existing listing-an 8.5% cap rate on 70% occupancy. Excellent future residential conversion possibility. Over $100 million in residential development has occurred with 1 mile of the site in the last 5 years alone. Significant recent investment in building infrastructure of over $1.5 million: 2026 New Boiler and fire panel/System upgrades 2025 New cooling tower #2 and installation of property security cameras. 2024 New cooling Tower #1 2022 New HVAC management/controls upgrade 2017 New rubber-membrane roof 2009 New external elevator. 2015-2025 Replacement of numerous individual heat-pump units. Five tax parcels are included in the sale. 620 Erie Blvd., W (Tax# 105.10-02.1) 648-62 Erie Blvd., W. (Tax#105.-10-03.0) 401 Tracy St (Tax#105.-10-05.0) 415 Tracy Street (Tax#105.-10-04.0) 100 Van Rensselaer St (Tax#105.-10-06.0)