Mixed-Use Retail and
226 Hawley Avenue Syracuse, NY 13203
226 Hawley Avenue, Syracuse, NY, 13203
$349,900
For Sale
$349,900
Mixed-use building with a first-floor retail storefront and an upstairs one-bedroom apartment undergoing renovation.
Property Size3,383 SF
Price / SF$103.43
Days on Market88
Property Features for 226 Hawley Avenue
General Information
- Standard status
- Active
- Size
- 3,383 SF
- Property subtype
- Office
Building Details
- Year Built
- 1970
Listing agency
(315) 458-9100
Listed by
Howard Hanna Real Estate
(315) 458-9100
Source
Xome
Added: Apr 26 Updated: Jul 20 at 5:19PM Checked: Jul 21 at 3:03AM
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 Howard Hanna Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor retail storefront with an upstairs one-bedroom apartment. The retail space was previously operated as a storefront and offers flexible commercial room for a variety of small business or workspace concepts. Above, the apartment is currently being renovated, with updates already started so the next owner can complete and customize the living space. A separate living setup above also supports live/work convenience.
The building is located in the historic Hawley Green neighborhood of Syracuse, described as a revitalized area with historic character and convenient access to downtown, hospitals, universities, restaurants, and major highways. The seller has also recently purchased a portion of the adjoining lot (see survey), which can be used to create additional parking. On the building systems, the furnace was new as of 9/2022, and the A/C was new as of 7/2023.
The building is located in the historic Hawley Green neighborhood of Syracuse, described as a revitalized area with historic character and convenient access to downtown, hospitals, universities, restaurants, and major highways. The seller has also recently purchased a portion of the adjoining lot (see survey), which can be used to create additional parking. On the building systems, the furnace was new as of 9/2022, and the A/C was new as of 7/2023.
Key Highlights
- Mixed‑use building with a first‑floor retail storefront and an upstairs one‑bedroom apartment
- Upstairs one‑bedroom apartment is undergoing renovations, with updates already started
- Furnace was new as of 9/2022 and A/C was new as of 7/2023; heating/cooling includes central air and gas
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.8k | $15.60 |
| − Vacancy | −$4.2k | −$1.25 |
| EGI | $48.6k | $14.35 |
| − OpEx | −$18.2k | −$5.38 |
| NOI | $30.3k | $8.97 |
3,383 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$464.9K
$406.8K – $542.3K
NOI $32,540 @ 7.0% cap · market cap 9.30%
Second Best
Mixed Use
$433.5K
$379.3K – $505.8K
NOI $30,346 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$587.9K
$514.4K – $685.9K
NOI $41,155 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Syracuse Soapworks at Hawley ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building with a first-floor retail storefront and an upstairs one-bedroom apartment undergoing renovation.
Where is this live-work space located?
The property is located at 226 Hawley Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Mixed‑use building with a first‑floor retail storefront and an upstairs one‑bedroom apartment; Upstairs one‑bedroom apartment is undergoing renovations, with updates already started; Furnace was new as of 9/2022 and A/C was new as of 7/2023; heating/cooling includes central air and gas
