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    321 Clinton St Syracuse, NY 13202

    For Sale
    Contact for pricing

    Historic Syracuse building, restaurant & apartment

    Property size:
    10,659 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property at 321 S Clinton St, Syracuse, NY, presents a unique investment opportunity. Situated on a 0.14-acre lot in Onondaga County, this 10,659 square foot building boasts a compelling blend of commercial and residential space. Originally constructed in 1920, the building is zoned for commercial use, offering flexibility for future development or continued operation in its current configuration. The ground floor currently houses a fully leased and operational restaurant, providing immediate and consistent rental income. Above the restaurant, a spacious four-bedroom penthouse apartment offers additional income potential or the possibility of owner occupancy. The property's prime location in Syracuse, NY, 13202, ensures high visibility and accessibility. This historic building offers a rare chance to acquire a well-established, income-generating asset with significant upside potential. The existing restaurant lease provides a stable foundation for investment, while the penthouse apartment adds versatility and further revenue streams. This is an ideal opportunity for investors seeking a blend of established income and future development possibilities in a vibrant urban setting. The property's size and zoning provide ample room for creative expansion or adaptation to meet evolving market demands. Serious inquiries are encouraged to explore the full potential of this remarkable Syracuse property.

    Property Features for 321 Clinton St

    General Information

    Property type
    Restaurants
    Square Feet
    10,659 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1920

    HighLights

    • Mixed‑use property encompassing retail and multifamily components, totaling 10,659 square feet.
    • Features a restaurant space on the ground floor currently under lease.
    • Includes a four‑bedroom penthouse apartment.
    • Situated on a 0.14‑acre lot in Syracuse, NY.
    • Built in 1920, with Commercial zoning.
    • Located at 321 S Clinton St, Syracuse, NY 13202.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Al's Wine & Whiskey ... Bar

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1533296
    Latitude
    43.0482121

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    FAQs

    What type of property is this?
    Restaurant - Historic Syracuse building, restaurant & apartment
    Where is this restaurant located?
    The property is located at 321 Clinton St Syracuse, NY.
    What are key features of this property?
    This property features: Mixed-use property encompassing retail and multifamily components, totaling 10,659 square feet.; Features a restaurant space on the ground floor currently under lease.; Includes a four-bedroom penthouse apartment.
    Request Owner's contact information
    321 Clinton St Syracuse, NY 13202
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    Syracuse, NY 13202
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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
    321 Clinton St Syracuse, NY 13202
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