711 Genesee StSyracuse, NY 13210

Property Details for 711 Genesee St

Year built

1930

Lot size

0.15 AC

Property size (Sq ft)

6,754 SF

Zone code

10

Property type

Office buildings

APN

311500 048.-01-09.0

APU

31150004801090

Description

This exceptional 6,800 square foot free-standing office building, located at 711 E Genesee St in Syracuse, NY, presents a rare investment opportunity. Currently configured as a multi-tenant property, 3,400 square feet are immediately available for lease or purchase. The building is meticulously maintained and enjoys a prime location within the vibrant Syracuse University neighborhood, catering to both university-affiliated businesses and downtown professionals. Its strategic position benefits from the proximity to a burgeoning residential area, with over 400 new apartments planned nearby, ensuring a strong and growing tenant pool. The property's creative and executive office subtypes offer versatile space suitable for a variety of businesses. The address is 711 E Genesee St, Syracuse, NY 13210. This is a unique chance to acquire a well-situated property in a rapidly developing area of Syracuse, offering significant potential for growth and return on investment. The building's size and location make it ideal for a single large tenant or multiple smaller businesses. The existing infrastructure is in excellent condition, minimizing upfront capital expenditures. The high visibility and convenient access further enhance the property's appeal. This is a truly exceptional opportunity to own a piece of Syracuse's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,090,658

  6.5%

  $1,006,761

  7%

  $934,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,033

  Geo Method

  $882,478

• Alternative Use

  Use

  Valuation

  Residential

  $1,248,384

  Hospitality

  $1,143,513

  Educational

  $951,389

  Medical

  $984,109

  Retail

  $1,479,939

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0477

Longitude

-76.1412

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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