2300 Milton AveSyracuse, NY 13209

Property Details for 2300 Milton Ave

Lot size

0.08 AC

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Parking lots & garages

APN

313201 007.-13-03.0

APU

31320100713030

Description

This 1768-square-foot mixed-use property in Syracuse, NY, presents a compelling owner-user or investment opportunity. Located at 2300 Milton Ave, in Onondaga County, this Class B building boasts a prime location and substantial recent upgrades. A new roof was installed in 2021, followed by a complete HVAC system replacement in 2024, ensuring efficient climate control. Further enhancing the property's appeal, the exterior received a significant upgrade in 2024, including new facade, windows, and doors. The building offers ample parking with 12 spaces, situated on a 3,360-square-foot lot. The interior features updated floors and bathrooms, presenting a move-in ready space. Currently vacant, this 1-unit property is ideal for a variety of uses, including medical office, storefront retail, or traditional office space. The asking price is $299,000, translating to $169.12 per square foot. Built in 1960, this property combines classic charm with modern functionality, making it an attractive investment in a desirable Solvay neighborhood. Detailed warranty information for the 2021 roof is available upon request. The property is professionally cleaned and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $783,355

  6.5%

  $723,097

  7%

  $671,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $759,735

  Geo Method

  $1,086,568

• Alternative Use

  Use

  Valuation

  Residential

  $609,960

  Hospitality

  $558,720

  Educational

  $464,848

  Medical

  $480,835

  Retail

  $723,097

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0621

Longitude

-76.2184

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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