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Family Dollar 4915 Grolier Rd 10,000 SF Vacant Retail Building Syracuse, NY 13215 $850,000 ($85/SF)

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INVESTMENT HIGHLIGHTS

  • Great location with ample parking
  • Rear loading dock

EXECUTIVE SUMMARY

Exceptional commercial opportunity in the heart of Onondaga Hill. This free-standing 10,000 SF building on 1.09 acres is available for sale at $850,000 or lease at $7,000/month NNN. Strategically located at the signalized intersection of Onondaga Rd (NY-173) and W. Seneca Turnpike (NY-175), the property benefits from more than 24,000 vehicles per day, offering unmatched visibility and accessibility. The site is surrounded by powerful demand drivers: Onondaga Community College with over 8,000 students, faculty, and event traffic from the SRC Arena; Upstate University Hospital – Community Campus, a 314-bed medical center with hundreds of staff and thousands of visitors daily; Van Duyn Center for Rehabilitation; and established senior living communities. These institutions anchor a steady flow of potential customers year-round. Demographics are equally compelling. Within a 3-mile radius, there are more than 43,000 residents across 17,000 households with an average household income exceeding $90,000. Expanding to a 5-mile radius, nearly 140,000 residents form a broad and diverse consumer base. Onondaga County is also experiencing significant growth momentum, with major regional investments such as the Micron Technology project and new housing initiatives projected to add jobs and expand population. The building itself has seen meaningful upgrades: a new roof (2024), updated HVAC units (2020), and a $20,000 parking lot repair in 2020 provide confidence in long-term durability. Zoning under the Onondaga Hill Business District (OHB) supports a wide range of uses, including retail, office, medical, food service, and institutional. The property is offered “as is,” with the owner open to negotiating capital improvements for the right tenant. Whether purchased for owner-occupancy or acquired as an investment with leasing potential, 4915 Grolier Rd offers a rare combination of visibility, accessibility, strong demographics, and regional growth drivers. Positioned between Syracuse’s educational, medical, and suburban hubs, this is an ideal location for retail, medical office, or service-oriented businesses seeking long-term success.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1965/2020
Price
$850,000
Price Per SF
$85
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.25
Lot Size
0.93 AC
Zoning
07 - Commercial retail
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
119’ on Grolier Rd

AMENITIES

  • Bus Line
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
314200-020-000-0001-016-001-0000
Land Assessment
$52,900
Improvements Assessment
$262,100
Total Assessment
$315,000
  • Listing ID: 32556748

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 4915 Grolier Rd, Syracuse, NY 13215

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