1101 Erie BlvdSyracuse, NY 13210

Property Details for 1101 Erie Blvd

Year built

1980

Lot size

0.84 AC

Property size (Sq ft)

33,936 SF

Zone code

22

Property type

Office buildings

APN

311500 030.-08-02.0

APU

31150003008020

Description

This exceptional two-story, 31,062 square foot medical office building in Syracuse, NY, presents a compelling investment opportunity. Recently renovated, the first floor boasts a modern lobby and elevator access. The upper level features numerous individual office suites arranged around a central hallway. The property offers approximately 81 parking spaces, including surface lots, street parking, and a seven-car garage, providing ample parking for patients and staff. Its strategic location within one mile of major hospitals (St. Joseph's, Crouse, SUNY Upstate, and the VA) and its proximity to downtown Syracuse and major thoroughfares make it highly desirable. Currently zoned industrial, a proposed rezoning to MX-3 is underway. The 1.09-acre lot provides significant potential for future development or expansion. This property is ideal for medical practices, traditional office users, or mixed-use development, offering a blend of convenience, accessibility, and modern amenities. The building was constructed in 1980 and sits on two stories. The APN is 311500-030-000-0008-002-000-0000 & 03000000040220000000. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,480,096

  6.5%

  $5,058,550

  7%

  $4,697,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,100,331

  Geo Method

  $4,434,078

• Alternative Use

  Use

  Valuation

  Residential Income

  $6,272,602

  Hospitality / Lodging

  $5,745,670

  Institutional / Educational

  $4,780,330

  Healthcare / Senior Housing

  $4,944,732

  Retail / Commercial

  $7,436,068

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0509

Longitude

-76.1333

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].