829 Genesee StSyracuse, NY 13204

Property Details for 829 Genesee St

Year built

1920

Lot size

0.43 AC

Property size (Sq ft)

9,800 SF

Zone code

05 - COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

311500 106.-10-06.0

APU

31150010610060

Description

This exceptional executive office building, located at 829 W Genesee Street in Onondaga County, offers 7,154 square feet of immediately available space. Situated on a major commuting route, this Class B property enjoys high visibility and is minutes from downtown Syracuse and major highways. Built in 1920 and renovated in 1980, the building has been meticulously maintained, with recent upgrades including new carpet and paint in 2022. The owner's commitment to ongoing improvements ensures a high-quality workspace. The available space features a large conference room, nine private offices, a dedicated workroom, and multiple bathrooms. The space is highly divisible, with a minimum leasable area of 3,000 square feet and a maximum contiguous area of 7,154 square feet. This single-building property boasts a long-term Verizon tower lease, providing a stable income stream for investors. On-site parking is available, with additional spaces for lease next door. This presents a unique opportunity for an investor or user seeking a well-maintained, conveniently located executive office space in a thriving area. The property consists of two suites in total, with 9,800 square feet total. The building does not have elevators. The cross street is Geddes Street.

• CAP approach

  CAP return

  Valuation

  6%

  $1,582,536

  6.5%

  $1,460,802

  7%

  $1,356,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $895,310

  Geo Method

  $1,280,468

• Alternative Use

  Use

  Valuation

  Residential

  $1,811,395

  Hospitality

  $1,659,228

  Educational

  $1,380,458

  Medical

  $1,427,934

  Retail

  $2,147,380

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0531

Longitude

-76.1674

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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