Mixed-Use Warehouse/Office/Retail
1641 E Genesee St, Syracuse, NY
For Sale
Contact for pricing
Versatile warehouse, office, and retail space near Route 690.
Property Size42,416 SF
Lot Size3.59 Acres
Price / SF$68.37
Days on Market1026
Property Features for 1641 E Genesee St
General Information
Standard status
Size
Lot size
Property subtype
Properties For Sale
at 1641 E Genesee St Contact us1641 E Genesee St AVAILABLE, Now
Floor
1
Size
7,000 SF
Type
OFFICE
Sublease
No
- Up to 12,000 +/- SF of warehouse/storage space
- Up to 18,000 +/- SF of 2nd Floor Office Space
- Up to 7,000 +/- SF of Ground Floor Office/Retail Space
- 1 grade height 7' high loading door
- 2 dock height loading doors
- Freight elevator
- 10' ceiling heights
- Ample free surface parking lot
- 2 minutes from Route 690
Contact us 1641 E Genesee St AVAILABLE, Now
Floor
2
Size
18,000 SF
Type
OFFICE
Sublease
No
- Up to 12,000 +/- SF of warehouse/storage space
- Up to 18,000 +/- SF of 2nd Floor Office Space
- Up to 7,000 +/- SF of Ground Floor Office/Retail Space
- 1 grade height 7' high loading door
- 2 dock height loading doors
- Freight elevator
- 10' ceiling heights
- Ample free surface parking lot
- 2 minutes from Route 690
Contact us 1641 E Genesee St AVAILABLE, Now
Floor
1
Size
12,000 SF
Type
INDUSTRIAL
Sublease
No
- Up to 12,000 +/- sf of warehouse/storage space
- Up to 18,000 +/- sf of 2nd floor office space
- Up to 7,000 +/- sf of ground floor office/retail space
- 1 grade height 7' high loading door
- 2 dock height loading doors
- Freight elevator
- 10' ceiling heights
- Ample free surface parking lot
- 2 minutes from route 690
Contact us
Listing Agency:
Sutton Real Estate Company - Corporate
(315) 424-1111
Listed By:
Karen Cannata-LaRocca · License NY #10401285697
(315) 391-3409
Source:
Moodyscre
Added: Jan 24, 2024
Changed: Nov 4
Last Checked: Nov 12 at 10:00AM
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 Sutton Real Estate Company - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers up to approximately 12,000 square feet of warehouse or storage space, up to approximately 18,000 square feet of second-floor office space, and up to approximately 7,000 square feet of ground-floor office or retail space. It features one grade-height loading door measuring 7 feet high, along with two dock-height loading doors and a freight elevator. The ceiling heights are 10 feet. Ample free surface parking is available. The property is located 2 minutes from Route 690.
Key Highlights
- Up to 18,000 +/- sf of 2nd floor office space
- Up to 12,000 +/- sf of warehouse/storage space
- Up to 7,000 +/- sf of ground floor office/retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,591
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,591,820
$4.6M
Cap Rate 7%
$3,279,871
$3.3M
Cap Rate 9%
$2,551,011
$2.6M
Market Conditions
NOI Build-Up for 42,416 SF
Gross rent
$290.1K $6.84/SF
− Vacancy
−$20.0K −$0.47/SF
EGI
$270.1K $6.37/SF
− OpEx
−$40.5K −$0.96/SF
NOI
$229.6K $5.41/SF
Area
Syracuse, NY
Vacancy
6.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,591,820
Cap Rate 7%
$3,279,871
Cap Rate 9%
$2,551,011
Alternative Uses
Best Use
Office B
$5.83M
$5.10M – $6.80M
NOI $407,989 @ 7.0% cap · market cap 14.07%
Second Best
Retail
$5.36M
$4.69M – $6.26M
NOI $375,463 @ 7.0% cap · market cap 12.95%
Theoretical Best
Office A
$7.37M
$6.45M – $8.60M
NOI $515,996 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Syracuse, NY
Properties on Market for Warehouses in Syracuse
Vacancy Rate% for Office in Syracuse, NY
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile warehouse, office, and retail space near Route 690.
Where is this warehouse located?
The property is located at 1641 E Genesee St Syracuse, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Up to 18,000 +/- sf of 2nd floor office space; Up to 12,000 +/- sf of warehouse/storage space; Up to 7,000 +/- sf of ground floor office/retail space
