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    217 Montgomery St Syracuse, NY 13202

    Sponsored
    For Lease
    $15 SF/Yr ($1,291 /Mo)

    Prime Retail/Office, 1,000 SF Available

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 217 Montgomery St in Syracuse, NY (13202), offers 1,000 square feet of immediately available space within the Hills Building. The building is classified as a Class "A" property and features a desirable location at the corner of Fayette and Montgomery Streets in the heart of Downtown Syracuse. This versatile space is ideal for a variety of commercial uses, including retail, office, or a combination thereof. The property boasts ample natural light and is well-suited for office users, law firms, architectural firms, or marketing agencies. The space includes large corner offices, a conference room, a copy/fax center, a reception area, and substantial storage and circulation space. To accommodate specific tenant needs, the landlord is willing to provide build-out services. On-site parking is available at a monthly rate. The building's central location provides easy access to major highways, the Central Business District, and State and County Office Buildings and Courthouses. This is a rare opportunity to secure a high-quality space in a thriving downtown area. The total building size is 1,000 square feet, with 1,000 square feet currently vacant and available for lease. The property is situated in Onondaga County. This listing presents a unique chance to establish a presence in a vibrant and convenient location.

    Property Features for 217 Montgomery St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF
    Total Rate
    1291.67

    Unit(s) available at that property

    Space
    3rd Floor Space
    Size
    4,400 SF
    Rate per SF
    $15
    Space
    Available Space 3
    Size
    2,959 SF
    Rate per SF
    $15

    HighLights

    • Prime Central Business District location.
    • Walkable to courthouse, city hall, banks, parking, and restaurants.
    • Convenient access to major highways.
    • High density of 28,000 downtown employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Martin C. Collins, ... Family Law Attorney Cambareri Dom Personal Injury Attorney Farchione & Bowman LLP Attorney Drimer Jeffrey Lee Attorney CSC Management Corporation Nursing Home

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1489815
    Latitude
    43.0488689

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    FAQs

    What type of property is this?
    Retail property - Prime Retail/Office, 1,000 SF Available
    Where is this retail property located?
    The property is located at 217 Montgomery St Syracuse, NY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime Central Business District location.; Walkable to courthouse, city hall, banks, parking, and restaurants.; Convenient access to major highways.
    Request Owner's contact information
    217 Montgomery St 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
    217 Montgomery St Syracuse, NY 13202
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