1641 Genesee St Syracuse, NY 13210

Property Details for 1641 Genesee St

Year built

1920

Lot size

0.94 lot acres

Property size

41,147 SF

Zone code

10

Property type

Warehouses

APN

311500 047.-03-04.0

APU

31150004703040

Description

This exceptional mixed-use property, located at 1641 E Genesee St in Syracuse, NY, presents a compelling investment opportunity. The three-story, 51,751 square foot freestanding building sits on a 1.2-acre lot and offers significant redevelopment potential. Built in 1920, the property is eligible for Historic Tax Credits, having previously received approval. The building features partially built-out commercial space on the first floor, with plans already drawn for upper-floor apartments. The property boasts 65 parking spaces, including ample open parking, and benefits from a recently updated water and sewer system. Its prime location offers easy access to major highways, placing it conveniently near Syracuse University's campus, approximately 1.2 miles from the Syracuse waterfront (with planned major developments), 7 miles from the international airport, and roughly 13 miles from the Micron Chip Plant site. The asking price is $2,900,000, translating to $56.04 per square foot. This presents a rare chance to acquire a substantial property with significant upside in a rapidly developing area of Syracuse. The existing infrastructure and approved tax credits significantly reduce the hurdles to realizing the property's full potential.

Location Insight

City

Syracuse

County

Onondaga

State

New York

Longitude

-76.124

Latitude

43.0478

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments