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Property profile & analytics
OFF-MARKET
Commercial real estate

323 James St Syracuse, NY 13203

32,208 SF 0.16 ac lot Built 1920
Property ID
Property summary
AI-generated overview

This exceptional 32,208 square foot commercial building in downtown Syracuse presents a unique investment opportunity. Situated on a 0.16-acre lot, its premier location offers unparalleled access to Route 81 and the vibrant Little Italy neighborhood. The property boasts a striking architectural design, featuring a spacious lobby with an elevator and exposed brick throughout, reminiscent of New York City's Soho district. Hardwood floors and an updated HVAC system enhance the building's appeal. All utilities are separately metered. A clean, dry basement provides ample storage space. Currently, the building houses four established businesses: a locksmith, a photography studio, a construction company, and a marketing company. Approximately 20 off-street private parking spaces are located directly across the street, providing convenient parking for tenants and visitors. A significant vacant unit, featuring cathedral ceilings, Roman-Greco columns, and a shared kitchen and bathroom, offers immense potential for a variety of uses, including a restaurant, bar, specialty store, or dance studio. The building's adaptable layout also presents the possibility of converting some floors into luxury apartment units. This property is ideal for developers and business leaders seeking a high-impact investment in a thriving urban setting. The property is also available for lease at $14 per square foot.

Property profile
Verified
Property type Commercial real estate
Year built 1920
Total area 32,208 SF
Lot 0.16 ac (6,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Guardian Life Insurance Co-America Insurance Agency
  • The Honey Comb Hotel & Motel Resort
  • Moore Arts & Crafts Visual Arts Studio Home Decor Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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