Downtown Syracuse Brewery and
For Sale
$3,800,000
112 Wilkinson Street, Syracuse, NY
Two-building property with brewery, warehouse, parking, and development potential.
Property Size66,535 SF
Price / SF$57.11
Days on Market402
Property Features for 112 Wilkinson Street
General Information
Standard status
Active
Size
66,535 SF
Property subtype
Industrial
Building Details
Building Size
66,535 SF
Listing Agency:
Syracuse Office
Listed By:
Stephen Scuderi · License #10401277622
(315) 445-8517
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Oct 25
Last Checked: Oct 30 at 10:43AM
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
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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.
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
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,072
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Syracuse, NY
Frequently Asked Questions
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.
