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    317 W Fayette St Syracuse, NY 13202

    For Sale
    $995,000

    COMMERCIAL - Syracuse, NY

    Property size:
    3,380 SF
    Lot size:
    0.04 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 317 W Fayette St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    COM
    Rooms
    Basement
    APN
    311500-101-000-0003-005-000-0000
    Size
    3,380 SF
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    2

    Keller Williams Realty Syracuse (315) 701-6900 [email protected]

    Listing agent Karen E Whalen (315) 701-6900 License #10301219318

    Listing date Oct 10, 2025

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment in Armory Square

    Located in the heart of Armory Square, Syracuse, 317 W Fayette Street presents a mixed-use investment opportunity. The property features a commercial storefront and two smaller office spaces on the first floor, along with a one-bedroom, one-bathroom unit and a two-bedroom, two-bathroom unit on the second floor. The building offers flexibility for professional or retail uses on the ground level. All three main spaces are currently leased. The property has undergone over $250,000 in recent upgrades, including plumbing, electrical work, basement support beams, a sprinkler system addition, a new fire alarm system, three newer boilers, a new HVAC system for the first floor, refinished stairs and hallway flooring, and an AC unit on the second floor currently being replaced. The property is located steps from downtown dining, shopping, nightlife, and public transportation. The property size is 3,380 square feet and the lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.15606
    Latitude
    43.048505

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    FAQs

    What type of property is this?
    Mixed-use property - Prime mixed-use property in Syracuse's vibrant Armory Square neighborhood.
    Where is this mixed-use property located?
    The property is located at 317 W Fayette St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Prime mixed-use property in the heart of Armory Square, a vibrant and walkable neighborhood.; - Currently leased commercial and residential spaces providing immediate cash flow.; - Over $250,000 in recent upgrades including plumbing, electrical, HVAC, and fire safety systems.
    (315) 701-6900
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    317 W Fayette St Syracuse, NY 13202
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