Historic Mixed-Use
327 West Fayette Street, Syracuse, NY 13202
For Sale
Contact for pricing
Four-story brick construction accommodates office and retail space, with elevator service and gated parking.
Property Size31,000 SF
Price / SF$103.23
Days on Market22
Property Features for 327 West Fayette Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Mixed-Use Components
Amenities
modern elevator
heating and air conditioning
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Acropolis Realty Group
Listed By:
Jonathan LaSala · License #NY 10401309584
(315) 396-0493
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 5:06PM
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 Acropolis Realty Group
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.
At 327 West Fayette Street, this four-story brick property dates to 1888 and contains approximately 31,000 square feet of office and retail space. Each floor offers approximately 7,750 square feet. Building features include a modern elevator, heating and air conditioning, and a gated parking area with 14–17 spaces.
The property is in downtown Syracuse’s Armory Square District. Restaurants, entertainment, hotels, retail, and the downtown business community are within walking distance.
The property is in downtown Syracuse’s Armory Square District. Restaurants, entertainment, hotels, retail, and the downtown business community are within walking distance.
Key Highlights
- Approximately 31,000 square feet across four stories
- Approximately 7,750 square feet per floor
- Historic brick building constructed in 1888
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,070
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,561,400
$5.6M
Cap Rate 7%
$3,972,429
$4.0M
Cap Rate 9%
$3,089,667
$3.1M
Market Conditions
NOI Build-Up for 31,000 SF
Gross rent
$483.6K $15.60/SF
− Vacancy
−$38.7K −$1.25/SF
EGI
$444.9K $14.35/SF
− OpEx
−$166.8K −$5.38/SF
NOI
$278.1K $8.97/SF
Area
Syracuse, NY
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,561,400
Cap Rate 7%
$3,972,429
Cap Rate 9%
$3,089,667
Alternative Uses
Best Use
Mixed Use
$3.97M
$3.48M – $4.63M
NOI $278,070 @ 7.0% cap · market cap 8.69%
Second Best
Retail
$3.92M
$3.43M – $4.57M
NOI $274,410 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$5.39M
$4.71M – $6.29M
NOI $377,119 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,451
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 33%
Hotels & Casinos 27%
Dinosaur Bar-B-Que
Dining
18,818 visits/mo
0.4 miles
Courtyard by Marriott Syracuse Downtown at Armory Square
Hotels & Casinos
12,689 visits/mo
0.1 miles
Bank of America
Shops & Services
4,792 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
3,675 visits/mo
0.4 miles
KeyBank
Shops & Services
2,377 visits/mo
0.4 miles
Demographics for 13202, NY
6,967
Population
3,525
Households
2
Avg Household Size
30
Median Age
36%
College-Educated
78%
High-School Grad
1.0 sq mi
ZIP Area
6,967
Density / Sq Mi
$27,365
Median Household Income
$35,990
Median Earnings
$807
Median Rent
$79,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Syracuse
Vacancy Rate% for Retail in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story brick construction accommodates office and retail space, with elevator service and gated parking.
Where is this mixed-use property located?
The property is located at 327 West Fayette Street Syracuse, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Approximately 31,000 square feet across four stories; Approximately 7,750 square feet per floor; Historic brick building constructed in 1888
