716 E Washington St - Office/Residential FOR SALE


Syracuse, NY 13210- Eastside
$2,000,000 USD
315-427-5737
716 E Washington St, Syracuse, NY for Sale
$2,000,000 USD
Office/Residential - FOR SALE
1/9
null | Request Cap Rate

716 E Washington St
Syracuse, NY 13210
Eastside


HIGHLIGHTS

  • .65-acre site with a 2-story 21,000 s.f. Office building with existing Income (Syracuse University Lease)
  • Borders soon to be enhanced Almond (Street) Boulevard the replacement of the elevated I-81 elevated viaduct. Project to commence in 2022.
  • 1.31-acre site can be assembled with two adjacent available parcels. Additional parcel may increase assembledge to 2.0 acres
  • Prime location in the Lower University Hill neighborhood. Within 1/4 mile of 1,000+ Student Housing Units
  • Located in Syracuse Opportunity Zone. Part of the new Syracuse University Gateway
  • Adjacent to vibrant Downtown Syracuse

OVERVIEW

21,000 s.f. building on .65-acre parcel of land ready for redevelopment. Location in the Syracuse Opportunity Zone allows an for an ideal situation for an owner-user to redevelop the property using Opportunity Zone Funds. Adjacent properties available to increase available acreage.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

UNIVERSITY HOTEL/RESIDENTIAL DEVELOPMENT SITE

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Commercial

APN/PARCEL ID

311500-030-000-0016-003-000-0000

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 Policy.