301 Salina St Syracuse, NY 13202
- Retail properties
- 56,000 SF
- 0.35 lot acres
Current Use by Public Records
- DGX / Convenience Store / Dollar Store
Property Details for 301 Salina St
- Year built
- 1920
- Lot size
- 0.35 lot acres
- Property size
- 56,000 SF
- Property type
- Retail properties
Description
This iconic, four-story, Class A retail building, located at 301 S Salina St, Syracuse, NY 13202, offers 56,000 square feet of space on a 0.35-acre lot. Built in 1920, the property boasts a prominent corner location with excellent visibility from both W. Fayette and S. Salina Streets. The building features a grand staircase connecting the first floor to a 14,000 square foot lower level with impressive 17-foot ceiling heights. A significant portion of the first floor is occupied by DGX, opening in the third quarter of 2021. The property is offered as a multi-tenant NNN lease with 10 years remaining on the lease term. Ample parking is available with 1,500 public spaces within one block. The property benefits from its location in a revitalized downtown area, with convenient access to public transportation (centro bus stops on Salina Street). Downtown Syracuse has experienced substantial growth, including a 77% increase in residents (3,600 currently) over the past decade and over $1 billion in new investment between 2010 and 2021. Further development is planned, with an additional 500 apartments expected by 2022. The asking price for this exceptional investment opportunity is $3,100,000. The APN is 311500-101-000-0006-012-000-0000.
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
- -76.1517
- Latitude
- 43.0485
