Current Use by Public Records
- Retail properties & Spaces
Property Details for 849 Salina St
- Year built
- 1940
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property at 849 N Salina Street in Syracuse, NY, presents a compelling investment opportunity. The 3,168 square foot building, constructed in 1940, boasts two units: a ground-floor storefront and a spacious upper-level apartment. The storefront, previously generating $1,500 in monthly rent, offers direct access to a basement and backyard, ideal for storage or expansion. Currently vacant, this space presents a chance to secure a high-yielding tenant or operate your own business. Upstairs, a recently updated one-bedroom apartment is occupied by a long-term tenant under a month-to-month lease at $800 per month. This provides immediate rental income and potential for future rent increases. Located in the vibrant Little Italy neighborhood, the property enjoys convenient access to major highways and downtown Syracuse, ensuring high visibility and accessibility. The asking price is $189,900, translating to a price per square foot of $59.94. This well-maintained building offers a blend of income generation and potential for significant appreciation, making it an attractive investment for both seasoned and novice investors. The property is situated in Onondaga County, NY, zip code 13208.
Value Estimations
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AI approach
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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
- -76.155
- Latitude
- 43.0626
