404 Oak StSyracuse, NY 13203

For Sale
$1,350,000

Multi-tenant office building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
94
This three-story, 19,650 square foot office building at 404 Oak Street in Syracuse, NY, is offered at $1,350,000 ($68.70/sq ft). Built in 1970, the property boasts 65 parking spaces on a 39,799 sq ft lot. Currently 98% occupied, this multi-tenant building provides a strong income stream, having maintained this high occupancy rate for the past nine years. Its excellent condition and well-maintained structure represent a low-risk investment opportunity. The building enjoys a prime location in a busy traffic corridor with easy access to major highways (690), universities, hospitals, downtown Syracuse, the post office, and the Thruway. It's also minutes from the airport and situated in the Non-Profit Mile. This property is available for purchase individually or as part of a package deal with another property (2000 Teall Ave, Syracuse, NY 13206), potentially offering a discounted price. A new owner could explore converting one or more floors to housing, leveraging grant opportunities, although the building's current high occupancy makes it a reliable income generator. Ample off-street parking is available for tenants and clients. The zip code is 13203, and the property is located in Onondaga County.

Highlights

  • 19,650 SF office building on a 39,799 SF lot in Syracuse, NY, offered at $1,350,000 ($68.70/SF).
  • Built in 1970, the property features 65 parking spaces and is currently 98% occupied.
  • Excellent condition and strong, stable income stream due to high occupancy (98% for the past nine years).
  • Prime location with easy highway access (690), proximity to universities, hospitals, downtown, and the airport.
  • Potential for package deal with another property (2000 Teall Ave) at a discounted price.

Property Details for 404 Oak St

Property type
Other office properties, Office properties
Square Feet
19,650 SF
Year Built
1970
Buildings
1
Stories
3

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0584108
Longitude
-76.1333246
404 Oak St, Syracuse, New York
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404 Oak St
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