125 Elwood Davis RdSyracuse, NY 13212

Property Details for 125 Elwood Davis Rd

Year built

1972

Lot size

1.33 AC

Property size (Sq ft)

21,218 SF

Zone code

06 - INDUSTRIAL

Property type

Office properties

Property subtype

Office buildings

APN

314889 074.-01-02.1

APU

31488907401021

Description

This exceptional Class A office building, located at 125 Elwood Davis Road in the N. Syracuse submarket (Liverpool cluster), offers 21,422 square feet of versatile space in a convenient free-standing location. The two-story building, completely renovated in 2022, features a 12-foot ceiling height and boasts 110 free parking spaces on a well-landscaped 1.75-acre lot. The property is zoned commercial and offers multiple tenancy options, with a minimum divisible space of 3,000 square feet and the potential to lease the entire 21,422 square feet contiguously. The building includes four total suites and is currently fully vacant, presenting a unique opportunity for a single tenant or multiple occupants. The building is equipped with an impressive 1600 amp power supply and elevators for convenient access to both floors. Its prime corner location, near 7th North Street, offers excellent visibility and accessibility. The landlord is willing to build to suit, tailoring the space to meet specific tenant requirements, making this an ideal location for office or medical users. This property represents a truly exceptional opportunity in the Northern suburbs.

• CAP approach

  CAP return

  Valuation

  6%

  $3,426,352

  6.5%

  $3,162,786

  7%

  $2,936,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,938,438

  Geo Method

  $2,772,344

• Alternative Use

  Use

  Valuation

  Residential

  $3,921,855

  Hospitality

  $3,592,398

  Educational

  $2,988,833

  Medical

  $3,091,624

  Retail

  $4,649,296

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0948

Longitude

-76.1741

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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