121 Fayette St Syracuse, NY 13202
- Commercial real estate
- 23,410 SF
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 121 Fayette St
- Year built
- 1825
- Lot size
- 0.12 lot acres
- Property size
- 23,410 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a prime downtown Syracuse multifamily building situated on a 0.12-acre lot at 121 W Fayette St. The property boasts a substantial 23,410 square feet of space, strategically positioned for optimal growth and income generation. Currently, the building comprises seven two-bedroom apartments and six one-bedroom apartments, all providing comfortable living spaces for tenants. Adding to its appeal, the lower floors house several commercial spaces that are currently leased and generating income. The existing commercial tenants are actively operating their businesses, ensuring a consistent revenue stream for the investor. This property offers a unique blend of residential and commercial income, creating a diversified and resilient investment portfolio. The location is highly desirable, offering easy access to downtown amenities and the soon-to-be-completed Micron Welcome Center, further enhancing its long-term value and potential for appreciation. This is a rare chance to acquire a well-established, income-producing property in a rapidly developing area of Syracuse, New York. The asking price is $3,500,000. Serious inquiries only
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1533
- Latitude
- 43.0485
