218 Geddes St Syracuse, NY 13204
- Warehouses
- 37,838 SF
- 1.30 lot acres
Current Use by Public Records
- Warehouses
Property Details for 218 Geddes St
- Lot size
- 1.30 lot acres
- Property size
- 37,838 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 37,838 square foot multi-tenant retail and warehouse property located at 208-218 S Geddes Street in Syracuse, New York. The property sits on a 1.3-acre lot and features two buildings, each two stories high, with a permitted MX-3 zoning designation. The asking price is $1,390,000, with a current NOI of $21,459. The property boasts two loading docks and two dock-high doors, along with ceiling heights ranging from 15 to 18 feet. Currently housing six tenants, this property offers immediate income potential and significant upside through redevelopment. Its prime location, just 0.01 miles from the intersection of W Fayette and S Geddes Streets, ensures high visibility and easy access to major routes. The property's strategic location is further enhanced by its adjacency to two major redevelopment projects: the new Syracuse Public Safety Building and the former Gear Factory redevelopment into housing. This presents a unique chance to capitalize on the area's revitalization and growth. The property's versatility allows for both enhancing existing rental income and pursuing future redevelopment projects, making it a compelling investment in the heart of Syracuse. The APN is 311500-099-000-0003-005-000-0000.
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
- -76.1709
- Latitude
- 43.0454
