201 S Crouse Ave - Syracuse University Development Site 0.6 Acres of Commercial Land Offered at $3,080,000 in Syracuse, NY 13210

This fully entitled .58-acre development site presents a rare, shovel-ready multifamily opportunity in the heart of Syracuse’s coveted University Hill neighborhood, one of Central New York’s strongest and most resilient rental markets. All municipal approvals, permissions, and design work are in place for an 88-unit studio apartment project, allowing a developer to move directly into execution while minimizing entitlement risk, soft costs, and timeline uncertainty. Strategically positioned just off the Syracuse University campus and within the city’s primary medical district, the site sits moments from Syracuse University, Crouse Hospital, SUNY Upstate Medical University, and the VA Medical Center, together representing some of the region’s largest employers and demand drivers. This concentration of students, medical professionals, faculty, and young urban renters underpins consistently high demand for well-located, efficient housing in the immediate area. The property lies within a federally designated Opportunity Zone, offering investors potential tax-advantaged upside in addition to strong underlying real estate fundamentals. Residents will benefit from immediate access to Interstate 81 and I-690, with rapid connectivity to Downtown Syracuse, Armory Square, arts and cultural venues, dining, shopping, and essential neighborhood services, reinforcing the long-term appeal and stickiness of this location. Combining turnkey entitlements, a high-density urban design, and a walkable, amenities-rich setting, this site delivers a compelling platform for an 88-unit studio community tailored to the University Hill and mediplex tenant base. For developers and investors seeking scalable new construction in a proven rental corridor—enhanced by Opportunity Zone benefits—there are clear reasons why demand in this pocket remains so strong.