For Sale
$1,000,000

716 James St Syracuse, NY 13203

15,200 SF Office Building, 10% Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This single-story, 15,200 square foot Class B office building, located at 716 James Street in Syracuse, NY, presents a compelling value-add opportunity. Built in 1970, the property sits on a 1.04-acre lot and features 13,057 net rentable square feet, currently at 10% occupancy with two tenants. The asking price is $1,000,000, translating to $65.79 per square foot. The building is zoned for office use and offers convenient access, ample on-site parking, and a prime location just outside the central business district (CBD), with a bus stop directly in front. Its proximity to hospitals and highways makes it particularly well-suited for medical offices. The property is currently undergoing re-tenanting efforts following the impact of the COVID-19 pandemic. This presents a significant opportunity for investors or owner-occupiers seeking to increase occupancy and generate substantial returns. The modified lease type and lack of tenant credit rating should be considered in any investment analysis. The building's single-story design ensures convenient access for tenants and visitors. James Street is a highly desirable office address outside the Syracuse CBD. This property is being offered for sale by owner.

Highlights

  • High-quality building available for immediate lease-up.
  • Significant value-add potential.
  • Owner actively leasing and will retain ownership upon increased occupancy.

Property Details for 716 James St

Property type
Office properties
Square Feet
15,200 SF
Class
B
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.055350371583
Longitude
-76.142140708834

FAQs

What type of property is this?
Office property - 15,200 SF Office Building, 10% Occupancy
Where is the office property located?
The property is located at 716 James St Syracuse, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High-quality building available for immediate lease-up.; Significant value-add potential.; Owner actively leasing and will retain ownership upon increased occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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716 James St
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