Mixed-Use Retail
For Sale
Contact for pricing
1004 E Adams St, Syracuse, NY 13210
Retail property located off E Adams Street and S Crouse Avenue, zoned MX-4 near major Syracuse institutions.
Property Size9,029 SF
Price / SF$310.11
Days on Market109
Property Features for 1004 E Adams St
General Information
Standard status
Active
Size
9,029 SF
Property subtype
RETAIL
Listing Agency:
Donovan Real Estate Services
(716) 998-2943
Listed By:
Brian P Donovan · License #10491202934
(585) 703-3888
Source:
Moodyscre
Added: Jul 15
Changed: Oct 25
Last Checked: Oct 30 at 5:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Donovan Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is positioned just steps away from Syracuse University and SUNY Upstate Medical University & Health System. The asset is zoned MX-4, supporting mixed-use development under local regulations.
Site access is available via E Adams Street and S Crouse Avenue. The property is also in close proximity to I-81, and it sits between the Hill’s districts along Marshall Street and E Genesee Street.
With its retail orientation and MX-4 zoning, the building offers a strong fit for commercial use in a high-activity area serving students, medical professionals, and visitors.
Site access is available via E Adams Street and S Crouse Avenue. The property is also in close proximity to I-81, and it sits between the Hill’s districts along Marshall Street and E Genesee Street.
With its retail orientation and MX-4 zoning, the building offers a strong fit for commercial use in a high-activity area serving students, medical professionals, and visitors.
Key Highlights
- Retail property just steps from Syracuse University and SUNY Upstate Medical University & Health System
- Located off E Adams Street and S Crouse Avenue with site access via E Adams Street and S Crouse Avenue
- Zoned MX‑4
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,924
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,480
$1.6M
Cap Rate 7%
$1,141,771
$1.1M
Cap Rate 9%
$888,044
$888.0K
Market Conditions
NOI Build-Up for 9,029 SF
Gross rent
$119.2K $13.20/SF
− Vacancy
−$5.0K −$0.55/SF
EGI
$114.2K $12.65/SF
− OpEx
−$34.3K −$3.79/SF
NOI
$79.9K $8.85/SF
Area
Syracuse, NY
Vacancy
4.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,480
Cap Rate 7%
$1,141,771
Cap Rate 9%
$888,044
Alternative Uses
Best Use
Retail
$1.14M
$999.1K – $1.33M
NOI $79,924 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,839 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,326
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Hotels & Casinos 29%
Shops & Services 26%
Sheraton Syracuse University Hotel and Conference Center
Hotels & Casinos
6,100 visits/mo
0.1 miles
Insomnia Cookies
Dining
6,022 visits/mo
0.1 miles
Chase Bank
Shops & Services
5,497 visits/mo
0.1 miles
Franco's Pizza
Dining
2,233 visits/mo
0.4 miles
Taste of Asia
Dining
1,000 visits/mo
0.1 miles
Demographics for 13210, NY
23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Retail space - Retail property located off E Adams Street and S Crouse Avenue, zoned MX-4 near major Syracuse institutions.
Where is this retail space located?
The property is located at 1004 E Adams St Syracuse, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Retail property just steps from Syracuse University and SUNY Upstate Medical University & Health System; Located off E Adams Street and S Crouse Avenue with site access via E Adams Street and S Crouse Avenue; Zoned MX‑4
