429 State St Syracuse, NY 13203
This exceptional 6,300 square foot, three-story freestanding building is situated on a 0.46-acre corner lot in Syracuse, NY, offering ample off-street parking. Previously housing Ilario’s Trattoria, this vacant property boasts a fully equipped kitchen, bar, and lounge, perfect for a restaurant or bar concept. The building benefits from a high-visibility location across from St. Joseph’s Health Hospital, one of the region's largest employers, with approximately 4,000 employees. The included fixtures, furniture, and equipment (FF&E) encompass stoves, grills, fryers, coolers, freezers, a dishwasher, and prep tables. Four adjacent lots provide additional parking. The property is zoned MX-4 and enjoys convenient access to downtown Syracuse, Destiny USA, I-81 (less than 0.5 miles), and I-690 (less than 1.5 miles). This prime location at the entrance to Syracuse's Little Italy neighborhood presents a unique opportunity for a thriving food and beverage establishment. The asking price is $850,000, with a price per square foot of $134.92.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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