Industrial Property with Drive-In
1819 LEMOYNE AVE, Syracuse, NY 13208
For Sale
Contact for pricing
Industrial-zoned facility with flexible month-to-month occupancy and space for manufacturing, warehousing, distribution, or service operations.
Property Size20,101 SF
Lot Size2.34 Acres
Price / SF$54.72
Days on Market108
Property Features for 1819 LEMOYNE AVE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Year Built
Stories
Units
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License NY #0225268974
Source:
Crexi
Added: Jul 30
Changed: Nov 12
Last Checked: Nov 12 at 5:08AM
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.
The 20,101-square-foot industrial building at 1819 Lemoyne Avenue occupies 2.34 acres and was built in 1950. Its functional configuration includes 14-foot clear heights and nine drive-in doors, providing loading capacity for a range of industrial operations. Industrial zoning supports manufacturing, warehousing, contractor, distribution, and service-related uses.
Current tenants are leasing on a month-to-month basis, giving an owner-user flexibility to occupy the entire facility or transition into selected areas without long-term lease commitments. The property combines an established industrial building with a sizable site and adaptable occupancy structure for businesses planning operational space in Syracuse.
Current tenants are leasing on a month-to-month basis, giving an owner-user flexibility to occupy the entire facility or transition into selected areas without long-term lease commitments. The property combines an established industrial building with a sizable site and adaptable occupancy structure for businesses planning operational space in Syracuse.
Key Highlights
- 20,101 SF industrial building on 2.34 acres
- Nine drive‑in doors and 14' clear heights
- Industrial zoning supports manufacturing, warehousing, contractor, distribution, and service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,603
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,792,060
$1.8M
Cap Rate 7%
$1,280,043
$1.3M
Cap Rate 9%
$995,589
$995.6K
Market Conditions
NOI Build-Up for 20,101 SF
Gross rent
$137.5K $6.84/SF
− Vacancy
−$9.5K −$0.47/SF
EGI
$128.0K $6.37/SF
− OpEx
−$38.4K −$1.91/SF
NOI
$89.6K $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%
$1,792,060
Cap Rate 7%
$1,280,043
Cap Rate 9%
$995,589
Alternative Uses
Best Use
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,803 @ 7.0% cap · market cap 9.89%
Second Best
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,603 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,531 @ 7.0% cap · market cap 22.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
9
Drive-in doors
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
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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
$110,300
Median Home Value
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Market
Average Price Trend$/SF for Industrial properties in Syracuse, NY
Properties on Market for Industrial properties in Syracuse
Vacancy Rate% for Industrial in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial-zoned facility with flexible month-to-month occupancy and space for manufacturing, warehousing, distribution, or service operations.
Where is this industrial property located?
The property is located at 1819 LEMOYNE AVE Syracuse, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 20,101 SF industrial building on 2.34 acres; Nine drive‑in doors and 14' clear heights; Industrial zoning supports manufacturing, warehousing, contractor, distribution, and service uses
