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400 Pearl St 20,827 SF Industrial Building Syracuse, NY 13203 $1,000,000 ($48.01/SF)

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Investment Highlights

Historic Tax Credits are available for Redevelopment Funding

The sale includes a 3-story building PLUS a lot/building across the street - 3 parcels in total

Executive Summary

What a great opportunity to purchase the former Knise & Krick Building! The sale includes a 3-story building PLUS a lot/building across the street - 3 parcels in total. Historic Tax Credits are available for Redevelopment Funding! Under Syracuse's Citywide ReZone Program, new guidelines provide for multiple uses including: Apartment Conversion (up to 8 stories!), Dormitories, Educational Facilities, Healthcare Facilities, Daycare, Food & Beverage / Entertainment, Hotel / Motel, Office & Professional Services, Retail Sales, and more.
Existing machine shop is current occupant. Purchase includes all existing inventory, list to be provided upon request.

320-324 Pearl Street Flyer

Pearl St Zoning

Proposed 22121_Knise and Krick_Schematic Plan_052623

Property Facts

Price	$1,000,000	Rentable Building Area	20,827 SF
Price Per SF	$48.01	No. Stories	3
Sale Type	Investment or Owner User	Year Built	1920
Property Type	Industrial	Tenancy	Single
Property Subtype	Manufacturing Flex Light Manufacturing FlexLight Distribution Office Office Residential	No. Drive In / Grade-Level Doors	1
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.31 AC
Zoning	020 - Present zoning is COM1 but the Citywide Zoning Update, "ReZone Syracuse" will provide for future MX-4 zoning (see attachments).

Price	$1,000,000
Price Per SF	$48.01
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Manufacturing Flex Light Manufacturing FlexLight Distribution Office Office Residential
Building Class	C
Lot Size	0.31 AC
Rentable Building Area	20,827 SF
No. Stories	3
Year Built	1920
Tenancy	Single
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	020 - Present zoning is COM1 but the Citywide Zoning Update, "ReZone Syracuse" will provide for future MX-4 zoning (see attachments).

1 1

Walk Score®

Very Walkable (88)

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Property Taxes

Parcel Numbers	Multiple 311500-017-000-0013-011-000-0000 311500-017-000-0014-002-000-0000 311500-017-000-0013-010-000-0000	Improvements Assessment	$261,000
Land Assessment	$107,000	Total Assessment	$368,000