217 Montgomery StSyracuse, NY 13202

Property Details for 217 Montgomery St

Year built

1950

Lot size

0.12 AC

Property size (Sq ft)

53,748 SF

Zone code

13

Property type

Office properties

Property subtype

Office buildings

APN

311500 103.-27-02.0

APU

31150010327020

Description

This exceptional commercial property, located at 217 Montgomery St in Syracuse, NY (13202), offers 1,000 square feet of immediately available space within the Hills Building. The building is classified as a Class "A" property and features a desirable location at the corner of Fayette and Montgomery Streets in the heart of Downtown Syracuse. This versatile space is ideal for a variety of commercial uses, including retail, office, or a combination thereof. The property boasts ample natural light and is well-suited for office users, law firms, architectural firms, or marketing agencies. The space includes large corner offices, a conference room, a copy/fax center, a reception area, and substantial storage and circulation space. To accommodate specific tenant needs, the landlord is willing to provide build-out services. On-site parking is available at a monthly rate. The building's central location provides easy access to major highways, the Central Business District, and State and County Office Buildings and Courthouses. This is a rare opportunity to secure a high-quality space in a thriving downtown area. The total building size is 1,000 square feet, with 1,000 square feet currently vacant and available for lease. The property is situated in Onondaga County. This listing presents a unique chance to establish a presence in a vibrant and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,679,402

  6.5%

  $8,011,756

  7%

  $7,439,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,910,320

  Geo Method

  $7,022,714

• Alternative Use

  Use

  Valuation

  Residential

  $9,934,577

  Hospitality

  $9,100,019

  Educational

  $7,571,109

  Medical

  $7,831,491

  Retail

  $11,777,280

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0488

Longitude

-76.149

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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