1300 S Salina St - Warehouse FOR SALE


Syracuse, NY 13202
$3,000,000 USD
315-445-1030
1300 S Salina St, Syracuse, NY for Sale
$3,000,000 USD
Warehouse - FOR SALE
1/5
null | Request Cap Rate

1300 S Salina St
Syracuse, NY 13202


HIGHLIGHTS

  • Historic, 112,000± SF (including basement), three story building situated on 3.2± acres in the up-and-coming Southwest neighborhood of Syracuse
  • Property situated within new federal Opportunity Zone community development program
  • Property may qualify for historic tax credits with redevelopment
  • Excellent opportunity for conversion to mixed-use including apartments on upper floors and retail/office on the ground floor or light manufacturing/
  • Over $70 million invested in the neighborhood including JMA Wireless headquarters ($52 M) and Syracuse Community Health Center ($22.5 M)
  • Salina 1st, a $15 million, 52,000 SF commercial development which is scheduled to be complete by 2024, is less than 1000’ from the subject property

OVERVIEW

The former Sears, Roebuck Co. building is available for sale. Positioned near recent new developments including JMA Wireless headquarters, Syracuse Community Health Center and Salina 1st (scheduled to be complete by 2024). This property offers over 112,000 SF for redevelopment. The main building is three stories with basement and one- and two-story additions. The first floor of the main building is 33,000 SF with a loading dock. Building ideal for light manufacturing with possible retail and office components. Situated on 3.2 acres allows for ample parking or future expansion. Adjacent parcels may be available for purchase separately.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5

LAND SF

152,460

ZONING

020

APN/PARCEL ID

311500-085-000-0004-002-000-0000

ASK ABOUT THIS PROPERTY

Kimberly BoyntonCushman & Wakefield | Pyramid Brokerage CompanyMore Info
315-445-1030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kimberly BoyntonCushman & Wakefield | Pyramid Brokerage CompanyMore Info
315-445-1030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.