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422 W Onondaga St
Syracuse, NY 13202
Income Generating 3-Acre Lot in Flexible Zone · Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

Multi-tenant mixed-use property on a 3.17-acre lot, located south of Downtown Syracuse, that is perfectly positioned for redevelopment.
Flexible zoning, MX-3, offers the opportunity for redevelopment, aligning to the area’s demand such as multifamily, retail, or industrial spaces.
Situated near major employers like Upstate Medical University, Syracuse University, JMA Wireless, and Lockheed Martin.

Income-generating asset with 95% occupancy provides an income stream from a diverse mix of tenants, ideal for investors seeking immediate returns.
In an Opportunity Zone, the asset offers investors the advantage of tax incentives while also benefiting from the New York State Revitalization Grant.
Over the past three years, the submarket has experienced an increase of 10 to 20% in rental rates for industrial, multifamily, and retail spaces.

PROPERTY FACTS

Sale Condition	Auction Sale	Rentable Building Area	36,387 SF
Type of Ownership	Fee Simple	No. Stories	1
Property Type	Industrial	Year Built	1900
Property Subtype	Warehouse General Retail Storefront Retail/Residential OfficeLoft Creative Space Office Office Residential	Parking Ratio	2.75/1,000 SF
Building Class	C	Clear Ceiling Height	17’
Lot Size	3.17 AC	Parcel Numbers	311500-096-000-0014-018-000-0000 311500-096-000-0014-019-000-0000 311500-096-000-0014-020-000-0000
Zoning	MX-3 - Provides for a wide variety of commercial uses including office, retail, warehousing, self-storage, as well as multifamily redevelopment.

Sale Condition	Auction Sale
Type of Ownership	Fee Simple
Property Type	Industrial
Property Subtype	Warehouse General Retail Storefront Retail/Residential OfficeLoft Creative Space Office Office Residential
Building Class	C
Lot Size	3.17 AC
Rentable Building Area	36,387 SF
No. Stories	1
Year Built	1900
Parking Ratio	2.75/1,000 SF
Clear Ceiling Height	17’
Zoning	MX-3 - Provides for a wide variety of commercial uses including office, retail, warehousing, self-storage, as well as multifamily redevelopment.
Parcel Numbers	311500-096-000-0014-018-000-0000 311500-096-000-0014-019-000-0000 311500-096-000-0014-020-000-0000

Listing ID: 24802237
Date on Market: 1/10/2022
Last Updated:
Address: 422 W Onondaga St, Syracuse, NY 13202

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422 W Onondaga St Syracuse, NY 13202 Income Generating 3-Acre Lot in Flexible Zone · Industrial Property For Sale

INVESTMENT HIGHLIGHTS

PROPERTY FACTS

Listing ID: 24802237

Date on Market: 1/10/2022

Last Updated:

Address: 422 W Onondaga St, Syracuse, NY 13202

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422 W Onondaga St
Syracuse, NY 13202
Income Generating 3-Acre Lot in Flexible Zone · Industrial Property For Sale