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101-105 Wyoming St. & 601 Tully St. 2 Office Properties Offered at $3,200,000 in Syracuse, NY

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Investment Highlights

  • Rapidly revitalizing neighborhood with significant public and private investment
  • Minutes from Downtown Syracuse, Armory Square, and Syracuse University
  • Walkable to shops, restaurants, art galleries, and cultural institutions in the SALT District
  • Close proximity to I-690, I-81, and public transit

Executive Summary

We are pleased to present an exclusive investment opportunity to acquire a two-property portfolio in Syracuse’s rapidly developing Near Westside. This offering includes 101–105 Wyoming Street and 601 Tully Street, representing two well-positioned, income-producing buildings. The portfolio offers a mix of stable cash flow and value-add potential, located in a neighborhood benefiting from public/private investment, arts and culture development, and close proximity to downtown Syracuse and Syracuse University. This portfolio is ideal for investors seeking immediate cash flow with upside through unit upgrades or rent increases. Those looking for entry into the Syracuse growth story, where housing demand continues to climb amid rising urban revitalization.

101-105 Wyoming St: This impressive 75,302-square-foot asset combines historic charm with modern infrastructure, originally built in the 1920s and multiple renovations between 2010-2018. The property is currently divided into three condominium units, offering flexible leasing options and strong income potential. It features over 80 gated on-site parking spaces—an increasingly rare and valuable amenity—along with rear bay door access ideal for logistics or service-based tenants. Two tenant-accessible elevator shafts further enhance functionality across multiple uses.
Condo #2 - 101 Wyoming St:
- Consists of 24,700 square feet of space on the 1st & 2nd Floor
- Fully occupied by commercial tenant
Condo #3 - 103 Wyoming St:
- Consists of 24,650 square feet of space on 1st & 2nd Floor
- 1st Floor features indoor event/theater space (SALTspace)
- 2nd Floor fully occupied by long term commercial tenant
Condo #4 - 105 Wyoming St:
- Consists of 25,952 square feet of space on 3rd Floor
- This condo includes 12 residential units and 1 commercial tenant
- Residential tenant laundry room and storage units
- Small workout facility for residential tenant use
601 Tully St: This well-maintained 2-story commercial property offers a prime location in the heart of Syracuse. Built in the 1950s and fully renovated in 2011, the property boasts approximately 1,994 square feet of versatile space, making it ideal for a variety of business uses. Currently leased and occupied commercially, this space is a solid investment opportunity.
Condition of Sale: Sale by New York 501(c)(3) in dissolution; closing subject to approval of the NYS Attorney General. Independent appraisal supports fair market value; no sale will be completed below appraised value absent required approvals.
In accordance with sale requirements, the appraised value will be reviewed and may be addressed, at the sole discretion of the seller, only after a bona fide offer has been submitted by a qualified purchaser demonstrating intent and capacity to close.

Data Room Click Here to Access

Property Facts

Price $3,200,000
Price / SF $41.40 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 11.20%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 77,296 SF
Total Land Area 2.69 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
101-105 Wyoming St, Syracuse, NY 13204 Office 75,302 SF 1920 -
601 Tully St, Syracuse, NY 13204 Office 1,994 SF 1986 -
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  • Listing ID: 37240620

  • Date on Market: 8/22/2025

  • Last Updated:

  • Address: 101-105 Wyoming St. & 601 Tully St., Syracuse, NY

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