1805 Salina St Syracuse, NY 13208
This exceptional redevelopment opportunity presents a prime 0.95-acre parcel in Syracuse, NY, ideally situated on the highly trafficked corner of Hiawatha Boulevard and North Salina Street, boasting over 31,000 vehicles daily. Currently operating as a high-end pre-owned auto dealership, the property features two meticulously updated buildings: a 2,790 square foot office/used car area with two overhead doors and a 3,920 square foot body shop with four overhead doors. The total square footage is 6,237 net rentable. This Class A property, built in 1950, is zoned for industrial use and benefits from its proximity to major developments, including the $55.4 million transformation of the former Syracuse Penfield factory into a mixed-use complex with residential and commercial space. Other nearby attractions include Destiny USA Mall, NBT Bank Stadium, the Syracuse Regional Bus Transportation Center, and the Regional Market, all within walking distance. The property's strategic location offers easy access to I-81 and I-90, enhancing its appeal for a wide range of redevelopment possibilities. The asking price is $1,995,000. This is a rare chance to capitalize on the significant growth and revitalization occurring in this vibrant area of Syracuse.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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