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112 Wilkinson St 66,535 SF Vacant Flex Building Syracuse, NY 13204 $3,800,000 ($57.11/SF)
INVESTMENT HIGHLIGHTS
- In City of Syracuse this property sits on 1.5 acres with 85± parking spaces
- Currently with income from tenants in 39,600± SF: Middle Ages Brewery & D&D Motors
- Property in Opportunity Zone, historic tax credits; property on historic registry, Part I approved
- Three buildings on the property; 35,523± SF, 16,600± SF, and 7,361± SF
- Upside potential, 12,500± SF vacant in main building as well as 7,361± SF outparcel building
- Seller has drawings for residential development of 12,500± SF on 2nd floor of main building
EXECUTIVE SUMMARY
Offering includes a 53,324+/- building and a 7,361+/- SF freestanding warehouse with 85+/- on-site parking spaces all on 1.5+/- acres. 2-story 53,324+/- building is partially occupied by Middle Ages Brewery on a long-term lease for approximately 16,500 SF on first floor and 6,500 SF event space. Located in Downtown Syracuse. Development opportunity 12,500+/- SF vacant on 2nd floor main building. 7,361+/- SF outparcel building developed/leased for further upside. Property is in opportunity zone and on historic registry with potential for historic tax credits. Additional opportunity to purchase adjacent building.
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 311500-105-000-0004-001-000-0000 | Improvements Assessment | $569,300 |
| Land Assessment | $150,700 | Total Assessment | $720,000 |
PROPERTY TAXES
Parcel Number
311500-105-000-0004-001-000-0000
Land Assessment
$150,700
Improvements Assessment
$569,300
Total Assessment
$720,000
CONTACTS
-
Elaina Pirro -
Stephen Scuderi -
Cushman & Wakefield | Pyramid Brokerage Company
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112 Wilkinson St
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