620 Erie BlvdSyracuse, NY 13204

Property Details for 620 Erie Blvd

Year built

1970

Lot size

1.49 AC

Property size (Sq ft)

152,406 SF

Zone code

22

Property type

Office properties

Property subtype

Office buildings

APN

311500 105.-10-02.1

APU

31150010510021

Description

This three-story, Class B office building, totaling 152,000 square feet, presents a compelling opportunity in Syracuse, NY. Constructed in 1970, the property is conveniently located less than a mile from downtown, offering the best of both worlds: urban accessibility and ample free parking. The building boasts a multi-tenant configuration, with a range of suite sizes available, from a minimum of 561 square feet to a maximum contiguous space of 12,977 square feet. Currently, 30,660 square feet of space is vacant, providing significant flexibility for businesses seeking expansion or relocation. The building features convenient access to a parking garage via elevators, ensuring ease of access for employees and visitors. The owner is open to customizing spaces to meet specific tenant requirements, making this a highly adaptable and attractive option for a variety of businesses. The property is situated in Onondaga County, at 620 Erie Blvd W, Syracuse, NY 13204. This location offers a blend of urban convenience and readily available parking, a rare combination in a thriving city center. The building's single structure comprises three stories, providing a well-defined and easily navigable workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $24,611,016

  6.5%

  $22,717,862

  7%

  $21,095,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,923,535

  Geo Method

  $19,913,368

• Alternative Use

  Use

  Valuation

  Residential

  $28,170,148

  Hospitality

  $25,803,704

  Educational

  $21,468,378

  Medical

  $22,206,710

  Retail

  $33,395,256

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0494

Longitude

-76.1644

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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