323 James St Syracuse, NY 13203
This exceptional 32,208 square foot commercial building in downtown Syracuse presents a unique investment opportunity. Situated on a 0.16-acre lot, its premier location offers unparalleled access to Route 81 and the vibrant Little Italy neighborhood. The property boasts a striking architectural design, featuring a spacious lobby with an elevator and exposed brick throughout, reminiscent of New York City's Soho district. Hardwood floors and an updated HVAC system enhance the building's appeal. All utilities are separately metered. A clean, dry basement provides ample storage space. Currently, the building houses four established businesses: a locksmith, a photography studio, a construction company, and a marketing company. Approximately 20 off-street private parking spaces are located directly across the street, providing convenient parking for tenants and visitors. A significant vacant unit, featuring cathedral ceilings, Roman-Greco columns, and a shared kitchen and bathroom, offers immense potential for a variety of uses, including a restaurant, bar, specialty store, or dance studio. The building's adaptable layout also presents the possibility of converting some floors into luxury apartment units. This property is ideal for developers and business leaders seeking a high-impact investment in a thriving urban setting. The property is also available for lease at $14 per square foot.
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Guardian Life Insurance Co-America Insurance Agency
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The Honey Comb Hotel & Motel Resort
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Moore Arts & Crafts Visual Arts Studio Home Decor Store
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
Similar Nearby for Lease
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.