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423 W. Onondaga St - 2.67± acre re-development site 2.67 Acres of Commercial Land Offered at $4,200,000 in Syracuse, NY 13202
Investment Highlights
- Rare 2.67± acre redevelopment opportunity spanning four tax parcels.
- Highly visible corner location with multiple points of site access.
- Convenient access to Downtown Syracuse, I-81, I-690, and nearby bus routes.
- MX-4 Mixed-Use zoning supports a variety of redevelopment concepts.
- Four existing buildings provide approximately 30,000± SF of improvements.
- Surrounded by ongoing investment and notable destinations including Salt City Market and The Oncenter.
Executive Summary
Four (4) tax parcels with three (3) buildings: a 4,290 SF restaurant and owner's office, a 2,800 SF event center, a 22,800+/- SF former school and a 1,754 SF house situated on 2.67 acres. Situated on high traffic signalized intersection. Would be great for retail, office or multi family.
Property Facts
| Price | $4,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| Sale Condition | Redevelopment Project | Total Lot Size | 2.67 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | MX-4 - District is established to provide for pedestrian-friendly, transit-supportive areas of higher-density residential and mix of nonresidential uses. | ||
| Price | $4,200,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 2.67 AC |
| Opportunity Zone |
Yes |
| Zoning | MX-4 - District is established to provide for pedestrian-friendly, transit-supportive areas of higher-density residential and mix of nonresidential uses. |
1 Lot Available
Lot
| Price | $4,200,000 | Lot Size | 2.67 AC |
| Price Per AC | $1,573,033.71 |
| Price | $4,200,000 |
| Price Per AC | $1,573,033.71 |
| Lot Size | 2.67 AC |
Prime redevelopment opportunity on 2.67± acres across four tax parcels with MX-4 Mixed-Use zoning in the City of Syracuse. The property features four existing buildings totaling approximately 30,000± SF and is located just five minutes from Downtown.
Description
2.67 acre parcel.
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $163,800 | |
| Land Assessment | $182,200 | Total Assessment | $346,000 |
Property Taxes
Parcel Numbers
Land Assessment
$182,200
Improvements Assessment
$163,800
Total Assessment
$346,000
Contacts
-
Raymond Yang -
Lila 'Lee' M. Salvetti -
Cushman & Wakefield | Pyramid Brokerage Company
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