3229 Genesee St Syracuse, NY 13214
- Office buildings
- 22,988 SF
- 3.44 lot acres
Current Use by Public Records
- The Joslin Diabetes Center / Diabetes Center
- University Endocrinologists Joslin Diabetes Center / Diabetes Center
- Dr. Lewis W. Johnson, MD / Endocrinologist
- Rachel Hopkins, MD / Endocrinologist
- Dr. Ruban Dhaliwal / Endocrinologist
Property Details for 3229 Genesee St
- Year built
- 1990
- Lot size
- 3.44 lot acres
- Property size
- 22,988 SF
- Zone code
- 27
- Property type
- Office buildings
- APN
- 311500 038.-16-34.0
- APU
- 31150003816340
Description
This exceptional 23,500-square-foot medical office building in Syracuse, New York, presents a unique investment opportunity. Located at 3229 E Genesee St, Syracuse, NY 13214, this Class B building sits on a substantial 149,500-square-foot lot and offers a single, spacious unit. Previously occupied by a fully functioning diabetes and dialysis center until July 31, 2023, the property boasts a large waiting area, numerous exam and dialysis rooms, a laboratory, ample practitioner offices, conference rooms, and nursing stations. The building's versatile layout allows for subdivision to accommodate various tenant needs, and the owners are open to leasing, sale, or partnership arrangements. Furthermore, the property generates additional income from a rooftop cell tower. Its convenient location offers easy access to downtown Syracuse, the eastern suburbs, and major highways. Excellent parking is available on-site. The owners are willing to consider renovations to meet specific tenant requirements. This property is ideal for owner-users or investors seeking a prime medical facility in a thriving location. The property is available immediately.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,625,000
- 6.5%
- $2,420,000
- 7%
- $2,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,210,000
- Geo Method
- $2,645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,625,000
- Retail
- $2,525,000
- Mixed-Use
- $2,135,000
- Hospitality
- $2,720,000
- Educational
- $2,165,000
- Residential Income
- $2,050,000
- Energy
- $2,705,000
- Income-Based Land
- $2,580,000
- Food Service
- $2,305,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.0947
- Latitude
- 43.0437
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
