Industrial Brewery Redevelopment
112 Wilkinson St, Syracuse, NY 13204
For Sale
Contact for pricing
Three-building industrial brewery campus on 1.5 acres with 85± parking spaces and tenant income in 39,600± SF.
Property Size66,535 SF
Lot Size1.50 Acres
Price / SF$57.11
Days on Market208
Property Features for 112 Wilkinson St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Opportunity Zone
Building Details
Tenancy
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Syracuse
(315) 445-1030
Listed By:
Stephen Scuderi · License #10401277622
(315) 382-1057
Source:
Moodyscre
Added: Apr 16
Changed: Nov 7
Last Checked: Nov 8 at 6:44AM
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 Cushman & Wakefield | Pyramid Brokerage - Syracuse
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Investment Insights
Based on property information with market context.
This industrial brewery redevelopment campus includes three buildings totaling 59,484± SF on 1.5 acres, with 85± parking spaces. The property is currently generating income from tenants in 39,600± SF, with Middle Ages Brewery and D&D Motors listed as current occupants.
The main building includes 12,500± SF of vacant space, and there is also a 7,361± SF outparcel building. The seller has drawings for residential development of 12,500± SF on the second floor of the main building. An additional 16,600± SF is scheduled to be vacant in Fall 2026 for redevelopment. The property is located in an Opportunity Zone and is on the historic registry, with Part I approved for historic tax credits.
Address: 112 Wilkinson St, Syracuse, NY 13204.
The main building includes 12,500± SF of vacant space, and there is also a 7,361± SF outparcel building. The seller has drawings for residential development of 12,500± SF on the second floor of the main building. An additional 16,600± SF is scheduled to be vacant in Fall 2026 for redevelopment. The property is located in an Opportunity Zone and is on the historic registry, with Part I approved for historic tax credits.
Address: 112 Wilkinson St, Syracuse, NY 13204.
Key Highlights
- Three‑building industrial brewery campus on 1.5 acres in the City of Syracuse with 85± parking spaces
- Total building size of 35,523± SF, 16,600± SF, and 7,361± SF; currently tenant income in 39,600± SF
- Tenants include Middle Ages Brewery and D&D Motors, providing income in the leased space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$296,588
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,931,760
$5.9M
Cap Rate 7%
$4,236,971
$4.2M
Cap Rate 9%
$3,295,422
$3.3M
Market Conditions
NOI Build-Up for 66,535 SF
Gross rent
$455.1K $6.84/SF
− Vacancy
−$31.4K −$0.47/SF
EGI
$423.7K $6.37/SF
− OpEx
−$127.1K −$1.91/SF
NOI
$296.6K $4.46/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,931,760
Cap Rate 7%
$4,236,971
Cap Rate 9%
$3,295,422
Alternative Uses
Best Use
Industrial
$4.24M
$3.71M – $4.94M
NOI $296,588 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.56M
$10.12M – $13.49M
NOI $809,406 @ 7.0% cap · market cap 21.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Brewery - Three-building industrial brewery campus on 1.5 acres with 85± parking spaces and tenant income in 39,600± SF.
Where is this brewery located?
The property is located at 112 Wilkinson St Syracuse, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Three‑building industrial brewery campus on 1.5 acres in the City of Syracuse with 85± parking spaces; Total building size of 35,523± SF, 16,600± SF, and 7,361± SF; currently tenant income in 39,600± SF; Tenants include Middle Ages Brewery and D&D Motors, providing income in the leased space
