Back to Search

For sale
Conventional restaurants
NY
Syracuse
13203
429 North State Street

Restaurant Building in Little Italy

429 North State Street, Syracuse, NY 13203

View on Map

For Sale

$800,000

6,300 SF restaurant with parking near downtown Syracuse.

Type:Retail

Property size:

6,300 SF

Lot size:

0.46 Acres

Price / SF:

$126/SF

HighLights

Fully equipped restaurant/bar in a 6,300 SF three‑story freestanding building featuring a kitchen, bar, and lounge.
High‑visibility corner lot location across from St. Joseph’s Health Hospital (451 beds).
Ample off‑street parking with four (4) adjacent lots.
Includes FF&E: stoves, grills, fryers, coolers, freezers, dishwasher, and prep tables.
Located at the entrance to Syracuse’s Little Italy neighborhood.
Convenient access to major highways: less than 0.5 mi. from I‑81 and less than 1.5 mi. from I‑690.

We can help!

Contact an agent

Ed Kiesa

Learn more

For Sale

$800,000

6,300 SF restaurant with parking near downtown Syracuse.

Type:Retail

Property size:

6,300 SF

Lot size:

0.46 Acres

Price / SF:

$126/SF

Added:: Mar 25, 2026
Days on Market:: 103
Last Refresh:: Mar 16 at 10:33 am

Property Features for 429 North State Street

General Information

Standard status: Active
Size: 6,300 SF
Lot size: 0.46 Acres
Property subtype: Retail

We can help!

Contact an agent

Ed Kiesa

Listing office CBRE - Syracuse

Listing date Mar 25, 2026

Source Cbre

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 CBRE - Syracuse

HighLights

Fully equipped restaurant/bar in a 6,300 SF three‑story freestanding building featuring a kitchen, bar, and lounge.
High‑visibility corner lot location across from St. Joseph’s Health Hospital (451 beds).
Ample off‑street parking with four (4) adjacent lots.
Includes FF&E: stoves, grills, fryers, coolers, freezers, dishwasher, and prep tables.
Located at the entrance to Syracuse’s Little Italy neighborhood.
Convenient access to major highways: less than 0.5 mi. from I‑81 and less than 1.5 mi. from I‑690.

Overview

The property is a 6,300 SF restaurant situated on a combined 0.46 AC corner lot, offering ample off-street parking. This three-story, freestanding building, formerly Ilario‘s Trattoria, is located at the entrance to Syracuse‘s Little Italy neighborhood. The former restaurant/bar includes a fully equipped kitchen, bar, and lounge. The location offers high visibility across from St. Joseph’s Health Hospital, which has 451 beds, and is minutes from downtown Syracuse and Destiny USA. The included FF&E consists of stoves, grills, fryers, coolers, freezers, dishwasher, and prep tables. Four adjacent lots are designated for parking. The zoning is MX-4. The property is less than 0.5 miles from I-81 and less than 1.5 miles from I-690.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.9k	$13.80
− Vacancy	−$3.5k	−$0.55
EGI	$83.5k	$13.25
− OpEx	−$20.9k	−$3.31
NOI	$62.6k	$9.94

6,300 SF · lease $13.80/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$894.2K

$782.5K – $1.04M (±1% cap)

NOI $62,597 @ 7.0% cap · market cap 7.82%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.09M

$958.0K – $1.28M (±1% cap)

NOI $76,640 @ 7.0% cap · market cap 9.58%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Syracuse
County: Onondaga
State: New York
Longitude: -76.1506422
Latitude: 43.0549196

Nearby Similar for Sale

$550,000

4,424 SF

Restaurant Opportunity on State Fair

Freestanding restaurant building with high visibility and ample parking.

779 State Fair Boulevard, Syracuse, NY 13209

View Details
$400,000

2,244 SF

North Syracuse Medical Office Building

Well-maintained medical office in a high-growth area.

105 N Main Street, Syracuse, NY 13212

View Details
$358,000

4,408 SF

Commercial Flex Building with Shop Area

Flex commercial/industrial building with dedicated front office space and a rear garage/loading setup.

6730 Townline Road, Syracuse, NY 13211

View Details
$399,900

6,060 SF

Four-Family Residential Building with Parking

Well-maintained four-unit home with in-unit laundry hookups and off-street parking in Syracuse’s Northside area.

1406 Butternut Street, Syracuse, NY 13208

View Details
$240,000

2,534 SF

Victorian Three-Family Investment Property

Charming Victorian triplex with income potential in Syracuse, NY.

615 Park Avenue, Syracuse, NY 13204

View Details
$274,900

2,452 SF

Two-Family Property with Covered Porch

Turn-key two-family with extensive recent upgrades, a long-term tenant in place, and an upstairs unit available for owner use.

105 Dillaye Avenue, Syracuse, NY 13206

View Details
$284,900

2,012 SF

Turnkey Two-Family Income Property

Well-maintained two-family home with upgraded systems, paved parking, and a fenced yard for long-term tenant stability.

101 Dillaye Avenue, Syracuse, NY 13206

View Details
$2,650,000

36,536 SF

Fully Leased Retail Shopping Plaza

Commercially zoned plaza featuring six leased retail units for an ownership focused on steady in-place tenants.

500 Butternut Street, Syracuse, NY 13208

View Details
$349,000

1,917 SF

Up-and-Down Duplex with Third-Floor Bonus

Two 2-bedroom, 2-bath apartments plus a finished third floor offer flexible rental and living layouts.

825 Sumner Avenue #27, Syracuse, NY 13210

View Details
$245,000

2,880 SF

Syracuse Multifamily Investment Opportunity

Two residential buildings with strong rental income and value-add potential.

200 Markland Avenue, Syracuse, NY 13207

View Details
$220,000

1,636 SF

Syracuse Two-Family Investment Opportunity

Well-maintained two-family property with detached garage and ample parking.

905 Cogswell Avenue, Syracuse, NY 13209

View Details
$239,900

1,740 SF

Syracuse Multi-Family Investment Opportunity

Two-family home with expansion potential in prime Syracuse location.

3018 Grant Boulevard, Syracuse, NY 13208

View Details

For sale
Conventional restaurants
NY
Syracuse
13203
429 North State Street

What type of property is this?

Conventional restaurant - 6,300 SF restaurant with parking near downtown Syracuse.

Where is this conventional restaurant located?

The property is located at 429 North State Street Syracuse, NY.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Fully equipped restaurant/bar in a 6,300 SF three‑story freestanding building featuring a kitchen, bar, and lounge.; High‑visibility corner lot location across from St. Joseph’s Health Hospital (451 beds).; Ample off‑street parking with four (4) adjacent lots.

429 North State Street, Syracuse, NY 13203

6,300 SF restaurant with parking near downtown Syracuse.

Property Features for 429 North State Street

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant Opportunity on State Fair

North Syracuse Medical Office Building

Commercial Flex Building with Shop Area

Four-Family Residential Building with Parking

Victorian Three-Family Investment Property

Two-Family Property with Covered Porch

Turnkey Two-Family Income Property

Fully Leased Retail Shopping Plaza

Up-and-Down Duplex with Third-Floor Bonus

Syracuse Multifamily Investment Opportunity

Syracuse Two-Family Investment Opportunity

Syracuse Multi-Family Investment Opportunity

FAQs