200 Florence AveSyracuse, NY 13205

Property Details for 200 Florence Ave

Year built

1900

Lot size

0.89 AC

Property size (Sq ft)

8,800 SF

Zone code

01 - NOT ZONED

Property type

Auto shops

APN

311500 071.-03-05.0

APU

31150007103050

Description

This exceptional commercial property at 200 E Florence Ave, Syracuse, NY presents a unique investment opportunity. Spanning 8,800 square feet and situated on a generous 1.66-acre lot comprised of three city parcels, this property offers significant flexibility for discerning buyers. Currently operating as an automotive repair center, the property's existing infrastructure provides a solid foundation for continued use in this sector. However, its size and location also present compelling opportunities for redevelopment into a variety of higher-use commercial ventures. The property boasts convenient access to all essential utilities, ensuring seamless operations for any future business. This prime location in Syracuse benefits from the ongoing urban revitalization efforts, fueled by the removal of a section of Interstate 81 and the significant influx of new businesses and industries associated with the arrival of Micron Technology and its related partners. This presents a rare chance to capitalize on the city's burgeoning growth and secure a prominent position within a thriving commercial landscape. The asking price for this substantial property is $400,000. Don't miss this chance to own a piece of Syracuse's exciting future.

• CAP approach

  CAP return

  Valuation

  6%

  $2,088,947

  6.5%

  $1,928,259

  7%

  $1,790,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,025,959

  Geo Method

  $2,897,516

• Alternative Use

  Use

  Valuation

  Residential

  $1,626,559

  Hospitality

  $1,489,919

  Educational

  $1,239,595

  Medical

  $1,282,227

  Retail

  $1,928,259

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0064

Longitude

-76.1415

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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