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    514 Highland St Syracuse, NY 13203

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    For Sale
    $219,900

    Mixed-use property with immediate cash flow in Syracuse's Northside.

    Lot size:
    0.08 Acres

    Property Features for 514 Highland St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1900

    Source: Bell Home Team Agent Heather Noel Baldwin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Syracuse

    This mixed-use property in Syracuse's Northside generates immediate cash flow, offering a combination of residential and commercial rental income. The ground floor features a fully operational grocery store with a lease running through June 2026, providing stable commercial income. A rented studio apartment is also located on the first floor. The second floor contains two additional rental units: a 3-bedroom apartment renting for $1,400 per month and a 1-bedroom apartment renting for $700 per month. All residential tenants are on month-to-month leases, providing flexibility for rent increases or future upgrades. The property currently generates a total of $3,750 per month in gross income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Jazz Market Grocery Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -76.1412205
    Latitude
    43.0611819

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with immediate cash flow in Syracuse's Northside.
    Where is this mixed-use property located?
    The property is located at 514 Highland St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - High Cash Flow: Generates $3,750 per month in gross income.; - Stable Commercial Income: Long-standing grocery store with lease through June 2026.; - Mixed-Use Property: Combination of commercial and residential income streams.
    (315) 317-9240
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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
    514 Highland St Syracuse, NY 13203
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