Technical
Financial
Distress signals
Property profile

394 Court St Syracuse, NY 13204

OFF-MARKET
Land
3 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 3 ac (130,680 SF)

Cap rate & NOI

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

Location

394 Court 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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