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647 W Genesee St 37,170 SF 100% Leased Retail Building Syracuse, NY 13204 $1,950,000 ($52.46/SF)
INVESTMENT HIGHLIGHTS
- 37,170 +/- SF free-standing building
- New Roof & Renovations in 2025
- Strategic location in Syracuse
- 1.45 +/- Acre Parcel
- Zoned for diverse commercial use
- Excellent visibility and access opportunities
EXECUTIVE SUMMARY
Property Description
Introducing a prime investment opportunity in Syracuse, NY! This impressive 37,170 +/- SF free-standing building on 1.45 +/- Acres, constructed in 1940 and renovated in 2025, offers a versatile space for retail or other commercial ventures. New owner has installed a new roof and begun improving the building, providing a solid foundation for a wide range of business opportunities. Situated in the heart of Syracuse, this building boasts a strategic location with excellent visibility and access. With a rich history and extensive space, this property presents a compelling opportunity for retail and free-standing building investors looking to make a smart investment in the Syracuse area.
Location Description
Located in the heart of Syracuse, the area surrounding the property combines historic charm with modern conveniences. Just minutes away from the vibrant downtown district, tenants can enjoy a variety of dining options, unique shops, and cultural attractions. The nearby Armory Square is a hub of activity with cafes, restaurants, and entertainment venues, while the picturesque Clinton Square hosts events year-round. With easy access to major highways and public transportation, the location offers convenience for commuters and visitors alike. The neighborhood's blend of rich history and contemporary amenities makes it an appealing choice for office tenants seeking a dynamic and lively setting.
Introducing a prime investment opportunity in Syracuse, NY! This impressive 37,170 +/- SF free-standing building on 1.45 +/- Acres, constructed in 1940 and renovated in 2025, offers a versatile space for retail or other commercial ventures. New owner has installed a new roof and begun improving the building, providing a solid foundation for a wide range of business opportunities. Situated in the heart of Syracuse, this building boasts a strategic location with excellent visibility and access. With a rich history and extensive space, this property presents a compelling opportunity for retail and free-standing building investors looking to make a smart investment in the Syracuse area.
Location Description
Located in the heart of Syracuse, the area surrounding the property combines historic charm with modern conveniences. Just minutes away from the vibrant downtown district, tenants can enjoy a variety of dining options, unique shops, and cultural attractions. The nearby Armory Square is a hub of activity with cafes, restaurants, and entertainment venues, while the picturesque Clinton Square hosts events year-round. With easy access to major highways and public transportation, the location offers convenience for commuters and visitors alike. The neighborhood's blend of rich history and contemporary amenities makes it an appealing choice for office tenants seeking a dynamic and lively setting.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
37,170 SF
Building Class
C
Year Built
1940
Price
$1,950,000
Price Per SF
$52.46
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.59
Lot Size
1.45 AC
Opportunity Zone
Yes
Zoning
5 - "CM" Commercial zoning in the City of Syracuse. Within an Automotive Overlay District.
Parking
250 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 311500-106-000-0012-001-002-0000 | Improvements Assessment | $481,900 |
| Land Assessment | $198,100 | Total Assessment | $680,000 |
PROPERTY TAXES
Parcel Number
311500-106-000-0012-001-002-0000
Land Assessment
$198,100
Improvements Assessment
$481,900
Total Assessment
$680,000
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647 W Genesee St
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