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    6400 Yorktown Cir East Syracuse, NY 13057

    Sponsored
    For Sale
    $3,400,000

    2.43-acre site, ideal for hotel development.

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.43-acre commercial land parcel, located at 6400 Yorktown Circle in East Syracuse, NY (13057), presents a unique investment opportunity within the Carrier Circle Hotel Zone. The property offers approximately 10,500 to 11,500 square feet of buildable space and is strategically positioned to capitalize on the unprecedented surge in hospitality demand anticipated in the Syracuse area. This is driven by two major catalysts: the completion of the I-81 viaduct project, improving accessibility, and the construction of Micron Technology's $100 billion semiconductor manufacturing complex, just 11 miles to the north. Micron's project, the largest investment in New York State history, is expected to generate 9,000 jobs and attract 125,000 new residents over the next two decades, significantly boosting the need for hotel accommodations. The site's proximity to this economic powerhouse, coupled with the improved infrastructure resulting from the I-81 rerouting, makes it an exceptionally attractive location for a new hotel development. The asking price for this prime development site is $3,400,000. This represents a compelling investment opportunity with significant long-term growth potential in a rapidly expanding market. The property is currently for sale by owner.

    Property Features for 6400 Yorktown Cir

    General Information

    Property type
    Land
    Square Feet
    10,500 SF
    Lot Size
    105,851 SF

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Wholesale Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    East Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.086391525381
    Latitude
    43.091431904767

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    FAQs

    What type of property is this?
    Land - 2.43-acre site, ideal for hotel development.
    Where is this land located?
    The property is located at 6400 Yorktown Cir East Syracuse, NY.
    What is the asking price?
    The asking price for this property is $3,400,000.
    (315) 476-1273
    Request Owner's contact information
    6400 Yorktown Cir East Syracuse, NY 13057
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    6400 Yorktown Cir
    East Syracuse, NY 13057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6400 Yorktown Cir East Syracuse, NY 13057
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