5248 Witz DrSyracuse, NY 13212

Property Details for 5248 Witz Dr

Lot size

1.68 AC

Zone code

05 - COMMERCIAL

Property type

Commercial real estate

APN

312489 112.-06-13.9

APU

31248911206139

Description

This exceptional 1.67-acre commercial land parcel presents a unique build-to-suit opportunity within the established Allen Road Office Park in Syracuse, New York. Located at 5248 Witz Dr, Syracuse, NY 13212 (APN: 112.-06-13.9), this property is zoned 0-2 and offers significant advantages for developers. The asking price is $175,000, translating to a land value of $2.40 per square foot. A key benefit is the existing infrastructure: a paved and lit parking lot with capacity for 72 vehicles is already in place, saving considerable development time and costs. This is the last remaining parcel in this highly sought-after office and medical park, strategically situated near Taft Road and the North Medical Center, ensuring high visibility and convenient access. The property's prime location and existing infrastructure make it an ideal site for a variety of commercial developments, offering a compelling investment opportunity for those seeking a turnkey solution in a thriving market. This is a rare chance to acquire a fully prepared site in a well-established and desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $13,393,200

  6.5%

  $12,362,900

  7%

  $11,479,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,685,680

  Geo Method

  $9,561,830

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $25,527,700

  Retail / Commercial

  $12,857,900

  Mixed-Use / Specialty

  $12,628,800

  Hospitality / Lodging

  $9,026,770

  Office

  $12,362,900

  Institutional / Educational

  $13,063,400

  Residential Income

  $15,284,200

  Multifamily

  $19,347,000

  Automotive / Energy

  $11,197,200

  Parking / Income-Based Land

  $4,045,080

  Restaurant / Food Service

  $6,177,240

  Healthcare / Senior Housing

  $13,138,600

Location Insight

City

N Syracuse

County

Onondaga

State

New York

Latitude

43.1235

Longitude

-76.1535

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].