117 Townsend StSyracuse, NY 13203

Property Details for 117 Townsend St

Year built

1963

Lot size

0.20 AC

Property size (Sq ft)

3,960 SF

Zone code

20

Property type

Office buildings

APN

311500 103.-09-04.0

APU

31150010309040

Description

This exceptional 3,960 square foot office building presents a unique opportunity for businesses seeking a prominent location in Syracuse, New York. Situated on a 0.2-acre lot, the property boasts unparalleled convenience, being within walking distance of the vibrant downtown core and enjoying immediate access to major highways. This strategic positioning ensures effortless commutes for employees and clients alike, maximizing accessibility and minimizing travel time. The building itself is ready for immediate occupancy, offering ample space to accommodate a variety of business needs. Its substantial size provides flexibility for diverse layouts and configurations, catering to expanding businesses or those requiring significant workspace. The building's prime location, combined with its generous square footage and convenient access to transportation networks, makes it an ideal investment for businesses seeking to establish or expand their presence in a thriving urban environment. The asking price of $425,000 represents a compelling value proposition for a property of this caliber in such a desirable location. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $639,474

  6.5%

  $590,283

  7%

  $548,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,778

  Geo Method

  $517,414

• Alternative Use

  Use

  Valuation

  Residential Income

  $731,951

  Hospitality / Lodging

  $670,464

  Institutional / Educational

  $557,818

  Healthcare / Senior Housing

  $577,002

  Retail / Commercial

  $867,717

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.052

Longitude

-76.1458

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].