701 Geddes StSyracuse, NY 13204

This exceptional mixed-use investment property, located at 701 S Geddes St in Syracuse, NY, presents a compelling opportunity. The 38,552 square foot building, constructed in 1920 and renovated in 2022, sits on a 0.53-acre lot and boasts eleven thriving retail tenants. Its prime corner location at a traffic-controlled intersection ensures high visibility. The property offers a strong 7.36% cap rate with a current NOI of $110,400 and an asking price of $1,500,000 ($38.91/sq ft). The building is classified as a Class B, two-story structure with significant upside potential. The second floor presents a unique opportunity for expansion or redevelopment, adding further value to this already impressive investment. This multi-tenant building, with its established tenancy and prime location in Onondaga County (APN: 097.-16-62.0), is an ideal acquisition for investors seeking a strong return in a vibrant market. The property's history and current success combine to create a rare opportunity in Syracuse's retail landscape.