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744 Park Ave 5,920 SF 100% Leased Industrial Building Syracuse, NY 13204 $399,900 ($67.55/SF) 10% Cap Rate
Investment Highlights
- Strong cashflow
- Warehouse on long-term lease
- Renovated 2023
Executive Summary
This fully leased ~6,000 square foot mixed-use property generates $52,800/year and offers a unique opportunity for an investor or owner-operator. The first floor features an open warehouse/flex space with an overhead door/loading dock, a showroom/retail area, offices, kitchenette, and restroom facilities. On the 2nd floor are two newly renovated 2-bedroom apartments that have been built out from the studs. All units are separately metered with new 200 Amp electrical service. Building was completely renovated in 2023, other upgrades include all new furnaces, water heaters, metal roof, exterior painting, new plumbing, electrical, and more. This is a truly turnkey, hassle-free investment property.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Front Loading
- Storage Space
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 311500-108-002-0005-025-000-0000 | Total Assessment | $116,000 (2025) |
| Land Assessment | $10,700 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $105,300 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
311500-108-002-0005-025-000-0000
Land Assessment
$10,700 (2025)
Improvements Assessment
$105,300 (2025)
Total Assessment
$116,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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744 Park Ave
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