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Property profile

0 Solar St Syracuse, NY 13204

OFF-MARKET
Land
10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre parcel in Syracuse, NY, presents a remarkable development opportunity. Located in the MX4 Urban Core zone, this property boasts approximately 2,171 feet of frontage on Solar, Court, and North Clinton Streets, offering unparalleled visibility and accessibility. The site is serviced by essential utilities including water, sewer, electric, and natural gas. Its strategic location provides easy access to major interstate highways (Rt 81, Rt 690, and NYS Thruway Rt 90), facilitating seamless commuting and transportation. Completed Phase 1 & 2 environmental assessments are available, streamlining the development process. The property benefits from its proximity to the Syracuse Lakefront, a revitalization area slated for $108 million in public improvements, and is within walking distance of Franklin Square, Destiny USA, Onondaga Lakefront, and the Regional Market. Furthermore, it's conveniently located just 1.5 miles from Downtown Syracuse. This prime location, coupled with the completed environmental assessments and the ongoing revitalization efforts, makes this a compelling investment in a vibrant and growing city. The asking price is $11,125,000, representing $1,125,000 per acre. The property is zoned for mixed-use development, allowing for residential, commercial, and office uses. All information is deemed reliable but not guaranteed.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Solar St Syracuse, NY 13204
Syracuse metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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