317 Salina StSyracuse, NY 13202

Property Details for 317 Salina St

Year built

1920

Lot size

0.14 AC

Property size (Sq ft)

26,840 SF

Zone code

12

Property type

Investment properties

Property subtype

Live-work space

APN

311500 101.-06-10.0

APU

31150010106100

Description

This exceptional 5,280 square foot commercial space at 317 S Salina St, Syracuse, NY, presents a remarkable opportunity for businesses seeking a vibrant downtown location. Situated in the Armory Square submarket, this Class A property boasts a versatile layout suitable for retail, office, or a combination thereof. The space features high ceilings and large windows, allowing for abundant natural light. While parking is street parking, the property benefits from its location in a bustling area with high foot traffic (10,574 AADT) and proximity to major roads and public transportation. Surrounded by a diverse mix of shops, restaurants, and entertainment venues, this location offers unparalleled visibility and accessibility. The zoning is COR, allowing for a variety of commercial uses. The asking rent is $15.00 per square foot, NNN, with a total NNN expense of $5.50 per square foot (Taxes: $3.15 PSF, Insurance: $2.35 PSF). The landlord is open to customizing the space to meet tenant needs and offers flexible lease terms. This is a turnkey opportunity to establish a thriving business in the heart of Syracuse's dynamic downtown core. The square footage and lease terms are negotiable. Contact us for details.

• CAP approach

  CAP return

  Valuation

  6%

  $4,334,210

  6.5%

  $4,000,810

  7%

  $3,715,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,452,054

  Geo Method

  $3,506,914

• Alternative Use

  Use

  Valuation

  Residential

  $4,961,004

  Hospitality

  $4,544,253

  Educational

  $3,780,765

  Medical

  $3,910,792

  Retail

  $5,881,190

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0482

Longitude

-76.1518

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].