Downtown Syracuse Office
For Sale
Contact for pricing
359 S Salina St, Syracuse, NY
26,000 SF office building for sale in Syracuse.
Property Size26,000 SF
Lot Size0.05 Acres
Price / SF$137.20
Days on Market343
Property Features for 359 S Salina St
General Information
Standard status
Active
Size
26,000 SF
Lot size
0.05 Acres
Property subtype
OFFICE
Listing Agency:
TITAN Commercial Realty Group
(518) 400-0668
Listed By:
Todd J Drowlette · License #NY 10491200889
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:47AM
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 TITAN Commercial 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.
A 26,000 square foot office building is available for purchase in Syracuse, New York.
Key Highlights
- 26,000 SF office building
- For sale in Syracuse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,088
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,001,760
$5.0M
Cap Rate 7%
$3,572,686
$3.6M
Cap Rate 9%
$2,778,756
$2.8M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$390.0K $15.00/SF
− Vacancy
−$56.5K −$2.18/SF
EGI
$333.5K $12.83/SF
− OpEx
−$83.4K −$3.21/SF
NOI
$250.1K $9.62/SF
Area
Syracuse, NY
Vacancy
14.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,001,760
Cap Rate 7%
$3,572,686
Cap Rate 9%
$2,778,756
Alternative Uses
Best Use
Office B
$3.57M
$3.13M – $4.17M
NOI $250,088 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,293 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,219
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Office building - 26,000 SF office building for sale in Syracuse.
Where is this office building located?
The property is located at 359 S Salina St Syracuse, NY.
What is the asking price?
The asking price for this property is $3,567,324.
What are key features of this property?
This property features: 26,000 SF office building; For sale in Syracuse
