849 Salina StSyracuse, NY 13208

Property Details for 849 Salina St

Year built

1940

Property size (Sq ft)

3,168 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property at 849 N Salina Street in Syracuse, NY, presents a compelling investment opportunity. The 3,168 square foot building, constructed in 1940, boasts two units: a ground-floor storefront and a spacious upper-level apartment. The storefront, previously generating $1,500 in monthly rent, offers direct access to a basement and backyard, ideal for storage or expansion. Currently vacant, this space presents a chance to secure a high-yielding tenant or operate your own business. Upstairs, a recently updated one-bedroom apartment is occupied by a long-term tenant under a month-to-month lease at $800 per month. This provides immediate rental income and potential for future rent increases. Located in the vibrant Little Italy neighborhood, the property enjoys convenient access to major highways and downtown Syracuse, ensuring high visibility and accessibility. The asking price is $189,900, translating to a price per square foot of $59.94. This well-maintained building offers a blend of income generation and potential for significant appreciation, making it an attractive investment for both seasoned and novice investors. The property is situated in Onondaga County, NY, zip code 13208.

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0626

Longitude

-76.155

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