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    323 James St Syracuse, NY 13203

    Sponsored
    For Sale
    $1,100,000

    Prime location, versatile space, high potential.

    Property size:
    32,208 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    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 Features for 323 James St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    32,208 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Guardian Life Insurance ... Insurance Agency The Honey Comb Event Venue Moore Arts & Crafts ... Artistic Handicrafts

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.14891
    Latitude
    43.05253

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, versatile space, high potential.
    Where is this commercial real estate located?
    The property is located at 323 James St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (315) 446-2910
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    323 James St Syracuse, NY 13203
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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
    323 James St Syracuse, NY 13203
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