For Sale
$9,600,000

137 Marshall StSyracuse, NY 13210

Prime Campus Location: Mixed-Use Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use property, located at 137 Marshall St, Syracuse, NY 13210, presents a unique investment opportunity. Situated directly across from Syracuse University's campus, this 4,217 square foot building offers significant potential for redevelopment. Currently operating at 25% occupancy, the property is zoned for apartment building, storefront, and student housing uses, allowing for diverse development options. The asking price is $9,600,000, translating to $2,276.50 per square foot. Its prime location on Marshall Street, in the heart of the university area, makes it ideal for a variety of uses, including residential development, high-profile retail, or a hotel, or a combination thereof. The high demand for hotel rooms in the vicinity further enhances its appeal. A significant advantage is the absence of any active cannabis retailers within 1,000 square feet of the property. For investors and developers, or owner-users, a net land lease of $44,000 per month is available. This presents a compelling opportunity to capitalize on the vibrant Syracuse University environment and the strong demand for various commercial and residential uses in this strategic location. The property's versatility and prime location make it an exceptional investment prospect.

Property Details for 137 Marshall St

Property type
Retail properties, Mixed-use properties
Square Feet
4,217 SF

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.041626256541
Longitude
-76.135646072826
137 Marshall St, Syracuse, New York

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137 Marshall St
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