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1208 James St
Syracuse, NY 13203
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Located on busy intersection.
- Estimated rental income of $12,000 per month.
- Beautiful historical building.
EXECUTIVE SUMMARY
Prime Historic Mixed-Use Property – 1208 James St, Syracuse, NY 13203
This exceptional historic property in the prestigious James Street corridor offers a rare blend of commercial and residential space, making it a perfect for owner occupied and high-end investment opportunity . The main house features over 10,000 SQFT of finished space. two beautifully designed, spacious apartments, offering a luxurious residential component that enhances the property’s value . A state-of-the-art elevator with designated code for each floor ensures accessibility throughout the building. A Fully renovated finished basement unit with Three Bedrooms one and half baths full kitchen with dining and living area. First and second floors features over 4,000 sq. ft. of commercial space, divided into eight spacious office suites with high-end finishes.
Additionally, the third floor features a stunning loft-style residential unit, with two bedrooms one and a half baths adding even more versatility to this investment.
At the back of the main house, 16 dedicated parking spaces add convenience—an invaluable feature in this sought-after location. A fully restored carriage house with a three-car garage two bedrooms full bath brand new kitchen, provides additional rental potential or storage space.
With estimated rental income of $12,000 per month, priced at 9%-10% cap rate. this turnkey investment combines historic charm, modern upgrades, and incredible income potential. Don’t miss the chance to own a versatile, income-generating gem in the heart of Syracuse!
This exceptional historic property in the prestigious James Street corridor offers a rare blend of commercial and residential space, making it a perfect for owner occupied and high-end investment opportunity . The main house features over 10,000 SQFT of finished space. two beautifully designed, spacious apartments, offering a luxurious residential component that enhances the property’s value . A state-of-the-art elevator with designated code for each floor ensures accessibility throughout the building. A Fully renovated finished basement unit with Three Bedrooms one and half baths full kitchen with dining and living area. First and second floors features over 4,000 sq. ft. of commercial space, divided into eight spacious office suites with high-end finishes.
Additionally, the third floor features a stunning loft-style residential unit, with two bedrooms one and a half baths adding even more versatility to this investment.
At the back of the main house, 16 dedicated parking spaces add convenience—an invaluable feature in this sought-after location. A fully restored carriage house with a three-car garage two bedrooms full bath brand new kitchen, provides additional rental potential or storage space.
With estimated rental income of $12,000 per month, priced at 9%-10% cap rate. this turnkey investment combines historic charm, modern upgrades, and incredible income potential. Don’t miss the chance to own a versatile, income-generating gem in the heart of Syracuse!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
10,167 SF
Building Class
B
Year Built
1940
Price
$829,000
Price Per SF
$81.54
Percent Leased
61%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,389 SF
Building FAR
0.34
Lot Size
0.69 AC
Zoning
005
Parking
10 Spaces (0.98 Spaces per 1,000 SF Leased)
AMENITIES
- Kitchen
- Central Heating
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 311500-019-000-0009-002-000-0000 | Improvements Assessment | $322,700 |
| Land Assessment | $57,300 | Total Assessment | $380,000 |
PROPERTY TAXES
Parcel Number
311500-019-000-0009-002-000-0000
Land Assessment
$57,300
Improvements Assessment
$322,700
Total Assessment
$380,000
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