2704 Lodi StSyracuse, NY 13208

Property Details for 2704 Lodi St

Year built

1940

Lot size

0.25 AC

Property size (Sq ft)

7,600 SF

Zone code

22

Property type

Investment properties

Property subtype

Live-work space

APN

311500 002.-13-18.0

APU

31150000213180

Description

This exceptional mixed-use property, located at 2704-2708 Lodi Street in Syracuse, New York's Inner Harbor area, presents a unique investment opportunity. The 5,212 square foot building sits on a 0.25-acre lot and offers ample parking. Currently configured as a garage/parking facility, the property's zoning allows for a variety of commercial and mixed-use development possibilities. Its single-story design maximizes usable space. The strategic location provides excellent visibility and accessibility, with close proximity to major transportation arteries including Route 690, Interstate 81, and the New York State Thruway. This translates to high traffic volume and significant potential for attracting a diverse clientele. The asking price is $279,000. This property is ideal for an investor seeking a strong return on investment in a thriving urban area. The existing structure provides immediate income potential, while the flexible zoning allows for future expansion or redevelopment to suit a variety of business needs. Serious inquiries are encouraged. The property is situated in Onondaga County, New York, with a zip code of 13208.

• CAP approach

  CAP return

  Valuation

  6%

  $1,227,273

  6.5%

  $1,132,867

  7%

  $1,051,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $694,322

  Geo Method

  $993,016

• Alternative Use

  Use

  Valuation

  Residential

  $1,404,755

  Hospitality

  $1,286,748

  Educational

  $1,070,559

  Medical

  $1,107,378

  Retail

  $1,665,315

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0685

Longitude

-76.1648

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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