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Property profile & analytics
OFF-MARKET
Land

394 Court St Syracuse, NY 13204

3 ac lot
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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