216 Genesee StSyracuse, NY 13202

Property Details for 216 Genesee St

Year built

1940

Lot size

0.07 AC

Property size (Sq ft)

12,000 SF

Zone code

13

Property type

Investment properties

Property subtype

Live-work space

APN

311500 104.-13-07.0

APU

31150010413070

Description

This exceptional 3,000 square foot commercial space at 216 W. Genesee St. in Syracuse, NY (zip code 13202) presents a unique opportunity for businesses seeking a vibrant and convenient location. The property is classified as retail and office space and is available as a single-tenant occupancy. Its versatile nature allows for a variety of uses, including traditional office, executive office, coworking, medical office, and creative office spaces. Located in the heart of downtown Syracuse, this property offers unparalleled access to the energy and activity of Clinton Square. This central location places businesses within easy reach of the annual events, the ice skating rink, the popular Downtown Farmers Market, and a diverse range of cultural and community attractions. The building itself offers a significant amount of space, ideal for businesses requiring ample room for operations and growth. Downtown Syracuse is currently undergoing a period of revitalization, making this an opportune time to establish or expand a business in this thriving area. The property's address is 216 W Genesee St, Syracuse, NY 13202, with coordinates 43.0517412 latitude and -76.1539015 longitude. This is a single-tenant space, offering privacy and control. The total building square footage is 3,000 square feet. This presents a rare chance to secure a prominent location in a revitalizing downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,937,799

  6.5%

  $1,788,738

  7%

  $1,660,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,096,298

  Geo Method

  $1,567,920

• Alternative Use

  Use

  Valuation

  Residential

  $2,218,034

  Hospitality

  $2,031,708

  Educational

  $1,690,357

  Medical

  $1,748,491

  Retail

  $2,629,444

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0518

Longitude

-76.1539

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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