217 Montgomery StSyracuse, NY 13202
- Office buildings
- 53,748 SF
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 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $9,836,660
- 6.5%
- $9,079,990
- 7%
- $8,431,420
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,910,320
- Geo Method
- $7,022,710
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $18,748,900
- Retail / Commercial
- $9,443,550
- Mixed-Use / Specialty
- $9,275,280
- Hospitality / Lodging
- $6,629,740
- Institutional / Educational
- $9,594,450
- Residential Income
- $11,225,500
- Multifamily
- $14,209,500
- Automotive / Energy
- $8,223,820
- Parking / Income-Based Land
- $2,970,920
- Restaurant / Food Service
- $4,536,890
- Healthcare / Senior Housing
- $9,649,660
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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