241 Farrell RdSyracuse, NY 13209

Property Details for 241 Farrell Rd

Year built

1970

Lot size

36.90 AC

Property size (Sq ft)

310,500 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Manufacturing properties

APN

313289 017.-03-02.2

APU

31328901703022

Description

This exceptional single-tenant industrial flex space, located at 241 Farrell Rd in Syracuse, NY, 13209, offers 10,211 square feet of versatile space on a generous 3.85-acre lot. The building boasts a 18-foot clear ceiling height, perfect for various industrial uses. Four (4) grade-level drive-in overhead doors provide convenient access for loading and unloading. The property includes approximately 2,500 square feet of office space, ideal for administrative functions or showroom purposes. The expansive 3.85-acre lot features a paved and fenced-in yard, providing ample space for storage, equipment, or outdoor operations. The property is situated in Onondaga County and is currently vacant, presenting a unique opportunity for immediate occupancy. The single-story building is classified as a flex space, offering adaptability for a range of businesses. The absence of elevators is noted. This property is an excellent choice for businesses seeking a spacious, well-equipped facility with significant outdoor space in a convenient Syracuse location. The property's size and features make it suitable for a variety of industrial and commercial uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $117,338,000

  6.5%

  $108,312,000

  7%

  $100,575,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,386,700

  Geo Method

  $64,911,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $54,555,000

  Mixed-Use / Specialty

  $53,582,900

  Hospitality / Lodging

  $38,299,700

  Office

  $52,454,700

  Institutional / Educational

  $55,426,800

  Residential Income

  $64,849,300

  Multifamily

  $82,087,400

  Automotive / Energy

  $47,508,600

  Parking / Income-Based Land

  $17,162,900

  Restaurant / Food Service

  $26,209,400

  Healthcare / Senior Housing

  $55,745,700

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.1195

Longitude

-76.2616

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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