Downtown Syracuse Brewery and
112 Wilkinson Street Syracuse, NY
112 Wilkinson Street, Syracuse, NY, 00000
$3,800,000
For Sale
$3,800,000
Two-building property with brewery, warehouse, parking, and development potential.
Property Size66,535 SF
Price / SF$57.11
Days on Market301
Property Features for 112 Wilkinson Street
General Information
- Standard status
- Active
- Size
- 66,535 SF
- Property subtype
- Industrial
Listing agency
Syracuse Office
(315) 445-8517
Listed by
Stephen Scuderi · License #0298895
(315) 445-8517
Source
Pyramidbrokerage
Added: Sep 25, 2025 Updated: Jul 6 at 8:28AM Checked: Jul 21 at 2:57AM
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 Syracuse Office
Investment Insights
Based on property information with market context.
This offering features a 53,324 square foot building and a 7,361 square foot freestanding warehouse, situated on approximately 1.5 acres. The property includes 85 on-site parking spaces and is located in Downtown Syracuse. The two-story main building is partially occupied by Middle Ages Brewery, which leases approximately 16,500 square feet on the first floor and an additional 6,500 square feet for event space. There is a 12,500 square foot vacant space on the second floor of the main building, presenting a development opportunity. The 7,361 square foot outparcel building is developed and leased, offering further upside potential. The property is located in an opportunity zone and is on the historic registry, potentially qualifying it for historic tax credits. There is an additional opportunity to purchase the adjacent building. Middle Ages Brewery is a tenant.
Key Highlights
- Long‑term lease with Middle Ages Brewery provides stable income.
- Located in a designated Opportunity Zone and Historic Registry, offering potential tax benefits.
- Freestanding 7,361 SF warehouse provides additional income potential.
Local Financial Insights For Industrial
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 | $455.1k | $6.84 |
| − Vacancy | −$31.4k | −$0.47 |
| EGI | $423.7k | $6.37 |
| − OpEx | −$127.1k | −$1.91 |
| NOI | $296.6k | $4.46 |
66,535 SF · lease $6.84/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$5.14M
$4.50M – $6.00M
NOI $360,143 @ 7.0% cap · market cap 9.48%
Second Best
Industrial
$4.24M
$3.71M – $4.94M
NOI $296,588 @ 7.0% cap · market cap 7.80%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Breweries
Similar For Sale Nearby
FAQs
What type of property is this?
Brewery - Two-building property with brewery, warehouse, parking, and development potential.
Where is this brewery located?
The property is located at 112 Wilkinson Street 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: Long‑term lease with Middle Ages Brewery provides stable income.; Located in a designated Opportunity Zone and Historic Registry, offering potential tax benefits.; Freestanding 7,361 SF warehouse provides additional income potential.
