Two-Story Retail Building
For Sale
Contact for pricing
1004 E Adams St, Syracuse, NY 13210
Two-story retail building with basement and 20 dedicated parking spaces, offering development potential near major Hill employers.
Property Size13,200 SF
Lot Size0.46 Acres
Price / SF$234.85
Days on Market796
Property Features for 1004 E Adams St
General Information
Standard status
Active
Size
13,200 SF
Total Parking Spaces
20
Lot size
0.46 Acres
Property subtype
RETAIL
Zoning
MX-4
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Stories
2
Listing Agency:
Atlantic Retail | Albany
(518) 785-8200
Listed By:
Alison Burnside · License #10491202934
Source:
Moodyscre
Added: May 27, 2024
Changed: Jul 27
Last Checked: Jul 30 at 1:52PM
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 Atlantic Retail | Albany
Investment Insights
Based on property information with market context.
New development opportunity in Syracuse’s University Hill area, positioned just steps from Syracuse University and SUNY Upstate Medical University & Health System. The offering includes a two-story building with 9,018 RSF plus basement space.
The site sits between the Hill’s Marshall Street and East Genesee Street districts and is accessed via E Adams Street and S Crouse Avenue. Dedicated parking for 20 vehicles is provided, and the property is in close proximity to I-81.
The property is identified as zoned MX-4 (Urban Core), in effect as of 7/3/2023.
The site sits between the Hill’s Marshall Street and East Genesee Street districts and is accessed via E Adams Street and S Crouse Avenue. Dedicated parking for 20 vehicles is provided, and the property is in close proximity to I-81.
The property is identified as zoned MX-4 (Urban Core), in effect as of 7/3/2023.
Key Highlights
- Two‑story retail building with basement totaling 9,018 RSF
- 0.46‑acre site with access via E Adams Street and S Crouse Avenue
- 20 dedicated parking spots on‑site
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.2k | $13.20 |
| − Vacancy | −$7.3k | −$0.55 |
| EGI | $166.9k | $12.65 |
| − OpEx | −$50.1k | −$3.79 |
| NOI | $116.8k | $8.85 |
13,200 SF · lease $13.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,845 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,580 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Retail in Syracuse, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail building with basement and 20 dedicated parking spaces, offering development potential near major Hill employers.
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 $3,100,000.
What are key features of this property?
This property features: Two‑story retail building with basement totaling 9,018 RSF; 0.46‑acre site with access via E Adams Street and S Crouse Avenue; 20 dedicated parking spots on‑site
