650 Genesee St Syracuse, NY 13204
- Parking lots & garages
- 0.48 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 650 Genesee St
- Year built
- 1994
- Lot size
- 0.48 lot acres
- Zone code
- 20
- Property type
- Parking lots & garages
- APN
- 311500 106.-06-06.0
- APU
- 31150010606060
Description
This exceptional 0.75-acre parcel of land presents a unique investment opportunity in Syracuse, New York. Located at 650 Genesee Street, this property boasts significant street frontage, measuring approximately 183 feet along West Genesee Street. Its strategic location directly across from a large auto facility (formerly the Lowery Jeep dealership at 647 West Genesee Street) offers unparalleled visibility and accessibility. The land is being offered for sale separately from the adjacent auto facility, providing a distinct and independent investment opportunity. The property's size and prime location make it suitable for a variety of development projects, potentially including commercial ventures that would benefit from the high traffic volume and proximity to the established auto facility. The asking price for this exceptional land parcel is $749,000. This is a rare chance to acquire a sizable, well-situated lot in a thriving area of Syracuse, offering significant potential for future growth and return on investment. The property is zoned for commercial use (verification of zoning regulations is recommended). The address is 650 Genesee Street, Syracuse, NY 13204. Detailed site plans and surveys are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $230,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $215,000
- Mixed-Use
- $245,000
- Hospitality
- $200,000
- Educational
- $200,000
- Residential Income
- $215,000
- Energy
- $240,000
- Income-Based Land
- $240,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1621
- Latitude
- 43.0539
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
