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317 W Fayette St
Syracuse, NY 13202
Armory Square · Retail Property For Sale
Investment Highlights
- Heavy foot traffic, across from Courtyard by Mariott Hotel
- Proximity to highway
- Heart of downtown, Armory Square
Executive Summary
Mixed-Use Asset (±3,360 SF) – Two-story building with residential and commercial components
Stable In-Place Income – Two fully leased apartments providing consistent cash flow
Value-Add Opportunity – Vacant ground-floor office and retail space allows for lease-up upside and NOI growth
Owner-User Potential – Ideal for an investor seeking income plus space for their own business
40’ of Frontage – Strong visibility in a high-traffic downtown corridor
Located in the Heart of Armory Square – Walkable to restaurants, retail, and entertainment
Positioned in Fast-Growing Downtown Syracuse – Benefiting from major public and private investment, population growth, and continued development momentum
Strong Residential & Commercial Demand Drivers – Proximity to major employers, hospitals, universities, and mixed-use redevelopment projects
Stable In-Place Income – Two fully leased apartments providing consistent cash flow
Value-Add Opportunity – Vacant ground-floor office and retail space allows for lease-up upside and NOI growth
Owner-User Potential – Ideal for an investor seeking income plus space for their own business
40’ of Frontage – Strong visibility in a high-traffic downtown corridor
Located in the Heart of Armory Square – Walkable to restaurants, retail, and entertainment
Positioned in Fast-Growing Downtown Syracuse – Benefiting from major public and private investment, population growth, and continued development momentum
Strong Residential & Commercial Demand Drivers – Proximity to major employers, hospitals, universities, and mixed-use redevelopment projects
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,360 SF
Building Class
B
Year Built
1917
Price
$970,000
Price Per SF
$288.69
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
MX-5: CBD - The MX-5 district is established to provide for areas of highest-density, transit-supportive residential development, and maximum building heights.
Frontage
40’ on Fayette St
Amenities
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
- Smoke Detector
Property Taxes
| Parcel Number | 311500-101-000-0003-005-000-0000 | Improvements Assessment | $184,200 |
| Land Assessment | $27,800 | Total Assessment | $212,000 |
Property Taxes
Parcel Number
311500-101-000-0003-005-000-0000
Land Assessment
$27,800
Improvements Assessment
$184,200
Total Assessment
$212,000
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