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    5248 Witz Dr Syracuse, NY 13212

    Sponsored
    For Sale
    $175,000

    Syracuse Commercial Land: Build-to-Suit Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.67-acre commercial land parcel presents a unique build-to-suit opportunity within the established Allen Road Office Park in Syracuse, New York. Located at 5248 Witz Dr, Syracuse, NY 13212 (APN: 112.-06-13.9), this property is zoned 0-2 and offers significant advantages for developers. The asking price is $175,000, translating to a land value of $2.40 per square foot. A key benefit is the existing infrastructure: a paved and lit parking lot with capacity for 72 vehicles is already in place, saving considerable development time and costs. This is the last remaining parcel in this highly sought-after office and medical park, strategically situated near Taft Road and the North Medical Center, ensuring high visibility and convenient access. The property's prime location and existing infrastructure make it an ideal site for a variety of commercial developments, offering a compelling investment opportunity for those seeking a turnkey solution in a thriving market. This is a rare chance to acquire a fully prepared site in a well-established and desirable location.

    Property Features for 5248 Witz Dr

    General Information

    Property type
    Land
    Lot Size
    72,745 SF

    HighLights

    • 1.67‑acre commercial land parcel available for build‑to‑suit in Syracuse, NY's Allen Road Office Park.
    • Located at 5248 Witz Dr, Syracuse, NY 13212 (APN: 112.-06‑13.9), zoned O‑2.
    • $175,000 asking price, $2.40/SF land value.
    • Features a paved, lit 72‑space parking lot.
    • Last remaining parcel in this established office/medical park near Taft Road and North Medical Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -76.153873706648
    Latitude
    43.123618785123

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    FAQs

    What type of property is this?
    Land - Syracuse Commercial Land: Build-to-Suit Opportunity
    Where is this land located?
    The property is located at 5248 Witz Dr Syracuse, NY.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 1.67-acre commercial land parcel available for build-to-suit in Syracuse, NY's Allen Road Office Park.; Located at 5248 Witz Dr, Syracuse, NY 13212 (APN: 112.-06-13.9), zoned O-2.; $175,000 asking price, $2.40/SF land value.
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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
    5248 Witz Dr Syracuse, NY 13212
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