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709 E Genesee St 9,036 SF 100% Leased Office Building Syracuse, NY 13210 $1,850,000 ($204.74/SF)
INVESTMENT HIGHLIGHTS
- 4,500± SF retail ideal for user investor for having the benefit of 2nd floor (5) apartments fully renovated and fully leased
- 4,500± SF of wide-open retail or office space on the first-floor space available for lease or for user/buyer
- Within two blocks to 2,000-bed student housing (new construction)
- Walking distance to Syracuse University, regional hospitals, downtown Syracuse, municipal government, and East Genesee Street retail district
- Building renovated in 2011 with 23-car parking
EXECUTIVE SUMMARY
Investment property (all apartments are fully occupied as of 9/22/25). Passthrough operating expenses equal $7.94/SF. All five (5) apartments contain hardwood floors, granite counter tops, stainless steel appliances, in-unit washing machines and dryers, flat screen televisions, and three (3) of the five (5) apartments have gas fireplaces. Total interior was taken down to the studs and rebuilt on both floors in 2014 including new porous 23 car parking lot, new exterior facade, windows and roof. Lot dimensions: 49'x357' and runs from East Genesee Street to East Fayette Street. Well located within walking distance to downtown Syracuse, Syracuse University, ESF, and State University of NY Hospital and three (3) new privately owned student housing developments within 3 city blocks of 709 East Genesee Street (1200+ new student beds). Property is adjacent to the former Crown Plaza Hotel, being converted to market rate apartments, Syracuse Stage and across the street from a proposed $40,000,000 mid-rise, new market rate apartment building.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
9,036 SF
Building Class
C
Year Built
1930
Price
$1,850,000
Price Per SF
$204.74
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,518 SF
Slab To Slab
12’
Building FAR
0.51
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
010
Parking
20 Spaces (2.21 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 311500-048-000-0001-010-000-0000 | Improvements Assessment | $335,000 |
| Land Assessment | $210,000 | Total Assessment | $545,000 |
PROPERTY TAXES
Parcel Number
311500-048-000-0001-010-000-0000
Land Assessment
$210,000
Improvements Assessment
$335,000
Total Assessment
$545,000
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709 E Genesee St
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