Renovated Distribution
1770 Lemoyne Avenue, Syracuse, NY 13208
For Sale
Contact for pricing
Partially leased industrial facility with dock and drive-in loading, flexible I-1 zoning, and regional highway access.
Property Size138,698 SF
Lot Size6.33 Acres
Price / SF$71.38
Days on Market100
Property Features for 1770 Lemoyne Avenue
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Additional Details
Highway Access
Building Details
Year Built
Year Renovated
Tenancy
Building Size
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License NY #0225268974
Source:
Crexi
Added: Aug 7
Changed: Oct 30
Last Checked: Nov 12 at 6:40AM
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 IronHorn Enterprises
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Investment Insights
Based on property information with market context.
This partially leased distribution facility contains 138,698 square feet on a 6.33-acre site, with roughly 7% configured as office space. Originally constructed in 1951, the property underwent a comprehensive renovation in 2024. Interior clearance ranges from 14 feet to 22 feet, supporting varied industrial operations and storage requirements. Loading infrastructure includes 13 dock-high doors and 6 drive-in doors.
The property is located at 1770–1810 Lemoyne Avenue in Syracuse, near Hiawatha Boulevard and minutes from I-690, I-81, and the New York State Thruway (I-90). Downtown Syracuse and Syracuse Hancock International Airport are also nearby. I-1 zoning supports industrial uses, while the existing partial occupancy leaves additional space available for future leasing.
The property is located at 1770–1810 Lemoyne Avenue in Syracuse, near Hiawatha Boulevard and minutes from I-690, I-81, and the New York State Thruway (I-90). Downtown Syracuse and Syracuse Hancock International Airport are also nearby. I-1 zoning supports industrial uses, while the existing partial occupancy leaves additional space available for future leasing.
Key Highlights
- 138,698‑square‑foot industrial building on a 6.33‑acre site
- 2024 comprehensive renovation; original construction dates to 1951
- 14’-22’ clear heights with 13 dock‑high doors and 6 drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$750,749
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,014,980
$15.0M
Cap Rate 7%
$10,724,986
$10.7M
Cap Rate 9%
$8,341,656
$8.3M
Market Conditions
NOI Build-Up for 138,698 SF
Gross rent
$948.7K $6.84/SF
− Vacancy
−$65.5K −$0.47/SF
EGI
$883.2K $6.37/SF
− OpEx
−$132.5K −$0.96/SF
NOI
$750.7K $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%
$15,014,980
Cap Rate 7%
$10,724,986
Cap Rate 9%
$8,341,656
Alternative Uses
Best Use
Warehouse
$10.72M
$9.38M – $12.51M
NOI $750,749 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$8.83M
$7.73M – $10.30M
NOI $618,264 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$24.10M
$21.09M – $28.12M
NOI $1,687,278 @ 7.0% cap · market cap 17.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22 ft
Clear height
13
Dock-high doors
6
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 13208, NY
23,603
Population
10,325
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
77%
High-School Grad
4.1 sq mi
ZIP Area
5,757
Density / Sq Mi
$40,641
Median Household Income
$35,015
Median Earnings
$999
Median Rent
$110,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Distribution center - Partially leased industrial facility with dock and drive-in loading, flexible I-1 zoning, and regional highway access.
Where is this distribution center located?
The property is located at 1770 Lemoyne Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: 138,698‑square‑foot industrial building on a 6.33‑acre site; 2024 comprehensive renovation; original construction dates to 1951; 14’-22’ clear heights with 13 dock‑high doors and 6 drive‑in doors
