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- LoopNet Team
500 W Fayette St
Syracuse, NY 13204
W. FAYETTE ST. RESIDENTIAL DEVELOPMENT SITE · Land For Sale
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5.20 AC
INVESTMENT HIGHLIGHTS
- Prime Development Parcel located just 2-blocks west of Downtown Syracuse/Armory Square
- Syracuse New Zoning Classification is Industrial which allows by right multi-family residential developments
- Conceptual plan envisions 100,000 s.f. with 6-buildings encompassing 150 dwelling units with onsite parking spaces.
PROPERTY FACTS
DESCRIPTION
PRIME DEVELOPMENT PARCEL just 2-blocks west of Downtown Syracuse ready for a new multi-family, mixed-income, housing development. Conceptual development proposes 100,000 s.f. of residential space comprising of 150 apartment units with on-site parking spaces. Both affordable and market-rate apartments are feasible on this site. Tax parcel is encumbered by railroad easement that provides approximately 3 acres of useable land. New Zoning classification is Industrial but multi-family housing is allowed by right.
