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    121 Fayette St Syracuse, NY 13202

    For Sale
    Contact for pricing

    Historic building, apartments & retail. High-yield potential.

    Property size:
    23,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property at 121 W Fayette St, Syracuse, NY 13202, presents a rare investment opportunity in the heart of downtown Syracuse. Situated on a 0.12-acre lot, this historic building, constructed in 1825, boasts a total of 23,410 square feet. The property is zoned for commercial use and features a compelling blend of residential and retail space. The residential component comprises seven two-bedroom apartments and six one-bedroom apartments, providing a stable rental income stream. The commercial spaces located on the lower floors are currently leased and operational; please respect the tenants and refrain from disturbing them. This prime location offers unparalleled access to the vibrant downtown area and is conveniently situated near the upcoming Micron Welcome Center, promising significant future growth and increased foot traffic. The property's substantial size and diverse income streams make it an attractive proposition for discerning investors seeking a high-yield, mixed-use asset in a rapidly developing urban core. This is a unique chance to acquire a piece of Syracuse's rich history while capitalizing on its exciting future. The building's age and character contribute to its unique charm and appeal, while its strategic location ensures strong tenant demand and potential for appreciation.

    Property Features for 121 Fayette St

    General Information

    Property type
    Multifamily properties
    Square Feet
    23,410 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1825

    HighLights

    • Mixed‑use property encompassing retail and multifamily components.
    • 23,410 square feet total building area.
    • Constructed in 1825.
    • Commercial zoning.
    • 0.12‑acre lot size.
    • Located at 121 W Fayette St, Syracuse, NY 13202.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -76.1531568
    Latitude
    43.0486065

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    FAQs

    What type of property is this?
    Multifamily property - Historic building, apartments & retail. High-yield potential.
    Where is this multifamily property located?
    The property is located at 121 Fayette St Syracuse, NY.
    What are key features of this property?
    This property features: Mixed-use property encompassing retail and multifamily components.; 23,410 square feet total building area.; Constructed in 1825.
    Request Owner's contact information
    121 Fayette 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
    121 Fayette St Syracuse, NY 13202
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