121 Fayette St Syracuse, NY 13202
- Retail properties
- 23,410 SF
- 0.12 lot acres
Current Use by Public Records
- Retail properties
Property Details for 121 Fayette St
- Year built
- 1825
- Lot size
- 0.12 lot acres
- Property size
- 23,410 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property at 121 W Fayette St, Syracuse, NY 13202, presents a rare investment opportunity in the heart of downtown Syracuse. Situated on a 0.12-acre lot, this historic building, constructed in 1825, boasts a total of 23,410 square feet. The property is zoned for commercial use and features a compelling blend of residential and retail space. The residential component comprises seven two-bedroom apartments and six one-bedroom apartments, providing a stable rental income stream. The commercial spaces located on the lower floors are currently leased and operational; please respect the tenants and refrain from disturbing them. This prime location offers unparalleled access to the vibrant downtown area and is conveniently situated near the upcoming Micron Welcome Center, promising significant future growth and increased foot traffic. The property's substantial size and diverse income streams make it an attractive proposition for discerning investors seeking a high-yield, mixed-use asset in a rapidly developing urban core. This is a unique chance to acquire a piece of Syracuse's rich history while capitalizing on its exciting future. The building's age and character contribute to its unique charm and appeal, while its strategic location ensures strong tenant demand and potential for appreciation.
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
- -76.1532
- Latitude
- 43.0486
