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112 Wilkinson St 66,535 SF 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
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
7,361+/- SF freestanding warehouse at the corner of Park Avenue and Plum Street. Three (3) grade level overhead doors and versatile open layout making it suitable for a wide variety of uses. One overhead door facing Plum Street (10' wide x 14' high), one overhead door in parking lot (12' wide x 13' high) and small overhead door (7'6" wide x 8' high). Tenant to improve.
12,500+/- SF of creative office/retail space on the second floor of the main building, above Middle Ages Brewery. Authentic historic architecture with modern flexibility in this natural light filled blank canvas.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 7,361 SF | Flex | - | Now |
| 2nd Floor | 12,500 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 7,361 SF |
| Space Use |
| Flex |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 12,500 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 7,361 SF |
| Space Use | Flex |
| Build-Out | - |
| Available | Now |
7,361+/- SF freestanding warehouse at the corner of Park Avenue and Plum Street. Three (3) grade level overhead doors and versatile open layout making it suitable for a wide variety of uses. One overhead door facing Plum Street (10' wide x 14' high), one overhead door in parking lot (12' wide x 13' high) and small overhead door (7'6" wide x 8' high). Tenant to improve.
2nd Floor
| Size | 12,500 SF |
| Space Use | Office/Retail |
| Build-Out | - |
| Available | Now |
12,500+/- SF of creative office/retail space on the second floor of the main building, above Middle Ages Brewery. Authentic historic architecture with modern flexibility in this natural light filled blank canvas.
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
Contacts
-
Elaina Pirro -
Stephen Scuderi -
Cushman & Wakefield | Pyramid Brokerage Company
