This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
214 Kinne St
East Syracuse, NY 13057
St. Matthew's Gymnasium · Specialty Property For Sale
·
10,717 SF
Investment Highlights
- Fully Leased NNN Structure
- Recent Building Upgrades - Sprinkler & Fire Alarm all NEW!
Executive Summary
St. Matthew’s Gymnasium offers a rare investment opportunity in East Syracuse. This 10,717 SF facility is fully leased on a NNN basis to a well-established nonprofit organization. The tenant has three (3) years remaining on their base term, with a five-year renewal option in place, providing stable cash flow and long-term security. The property features recently installed life-safety upgrades, including a new sprinkler and fire alarm system. Interior improvements include both boys’ and girls’ locker rooms, multiple storage rooms, and a built-in stage, supporting a wide variety of athletic and community uses. Annual operating expenses are efficient, with estimated HOA dues of $3,252.30 and annual real estate taxes of $2,655.66. This investment combines a strong nonprofit tenant, updated building systems, and unique amenities in a desirable location. The gymnasium is part of the former St. Matthew's Elementary School and now part of the St. Matthew's Condominium Association. Full condo offering documents will be made available during due diligence.
Property Facts
| Property Type | Specialty | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1956/2025 |
| Lot Size | 1.35 AC | APN / Parcel ID | 312601-002-000-0007-001-001-0000 |
| Building Size | 10,717 SF | ||
| Zoning | Gymnasium - Zoned Gymnasium via special use permit. | ||
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 10,717 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2025 |
| APN / Parcel ID | 312601-002-000-0007-001-001-0000 |
| Zoning | Gymnasium - Zoned Gymnasium via special use permit. |
