394 Court St Syracuse, NY 13204
This exceptional 3-acre commercial and residential land parcel in Syracuse, NY, presents a unique development opportunity. Located in the vibrant urban core, the property boasts significant frontage on Solar, Court, and North Clinton Streets (67, 393, and 395 feet respectively). Its MX-4 Urban Core zoning allows for diverse uses, including residential, mixed-use, office, and retail developments. All essential utilities (water, sewer, electric, and natural gas) are readily available. Convenient access to major interstate highways (Rt 81, Rt 690, and NYS Thruway Rt 90) enhances its appeal. Completed Phase 1 and 2 environmental studies streamline the development process. The property's strategic location near Micron's substantial investment in Clay, NY, positions it to benefit from significant projected population growth and increased demand for housing and commercial space. This prime location offers exceptional visibility and accessibility, making it an ideal site for a variety of projects. The asking price is $1,650,000, representing a land value of $550,000 per acre. This represents a compelling investment opportunity in a rapidly growing area.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.