422 W Onondaga St - Warehouse FOR SALE
Syracuse, NY 13202 |
422 W Onondaga St
Syracuse, NY 13202
HIGHLIGHTS
- Multi-tenant mixed-use property on a 3.17-acre lot, located south of Downtown Syracuse, that is perfectly positioned for redevelopment.
- Income-generating asset with 95% occupancy provides an income stream from a diverse mix of tenants, ideal for investors seeking immediate returns.
- Flexible zoning, MX-3, offers the opportunity for redevelopment, aligning to the area’s demand such as multifamily, retail, or industrial spaces.
- In an Opportunity Zone, the asset offers investors the advantage of tax incentives while also benefiting from the New York State Revitalization Grant.
- Situated near major employers like Upstate Medical University, Syracuse University, JMA Wireless, and Lockheed Martin.
- Over the past three years, the submarket has experienced an increase of 10 to 20% in rental rates for industrial, multifamily, and retail spaces.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Income Generating 3-Acre Lot in Flexible Zone
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Storefront Retail/Residential, Loft/Creative Space, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1900
UTILITIES
-
CLEAR CEILING HT
17 Ft
DOCKS
-
DRIVE INS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
311500-096-000-0014-008-000-0000,311500-096-000-0014-018-000-0000,311500-096-000-0014-019-000-0000,311500-096-000-0014-020-000-0000
