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    716 James St Syracuse, NY 13203

    Sponsored
    For Sale
    $1,000,000

    15,200 SF Office Building, 10% Occupancy

    Property size:
    15,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-story, 15,200 square foot Class B office building, located at 716 James Street in Syracuse, NY, presents a compelling value-add opportunity. Built in 1970, the property sits on a 1.04-acre lot and features 13,057 net rentable square feet, currently at 10% occupancy with two tenants. The asking price is $1,000,000, translating to $65.79 per square foot. The building is zoned for office use and offers convenient access, ample on-site parking, and a prime location just outside the central business district (CBD), with a bus stop directly in front. Its proximity to hospitals and highways makes it particularly well-suited for medical offices. The property is currently undergoing re-tenanting efforts following the impact of the COVID-19 pandemic. This presents a significant opportunity for investors or owner-occupiers seeking to increase occupancy and generate substantial returns. The modified lease type and lack of tenant credit rating should be considered in any investment analysis. The building's single-story design ensures convenient access for tenants and visitors. James Street is a highly desirable office address outside the Syracuse CBD. This property is being offered for sale by owner.

    Property Features for 716 James St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,200 SF
    Class
    B
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    HighLights

    • High‑quality building available for immediate lease‑up.
    • Significant value‑add potential.
    • Owner actively leasing and will retain ownership upon increased occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Arthur F. ... Ophthalmologist WL Staff Services, ... Temp Agency ATC Healthcare Services Nursing Agency Baby's Debut 3D/4D ... Pregnancy Care Center Carl Hanig Ophthalmologist

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.142140708834
    Latitude
    43.055350371583

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    FAQs

    What type of property is this?
    Office Property / Space - 15,200 SF Office Building, 10% Occupancy
    Where is this office property / space located?
    The property is located at 716 James St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: High-quality building available for immediate lease-up.; Significant value-add potential.; Owner actively leasing and will retain ownership upon increased occupancy.
    (315) 422-4200
    Request Owner's contact information
    716 James St Syracuse, NY 13203
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    Syracuse, NY 13203
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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
    716 James St Syracuse, NY 13203
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