117 Townsend St Syracuse, NY 13203
- Office buildings
- 3,960 SF
- 0.20 lot acres
Current Use by Public Records
- Red Shoes Marketing / Marketing Consultant
- Grenick Management Co / Fast Food Restaurant / Professional Services
Property Details for 117 Townsend St
- Year built
- 1963
- Lot size
- 0.20 lot acres
- Property size
- 3,960 SF
- Zone code
- 20
- Property type
- Office buildings
- APN
- 311500 103.-09-04.0
- APU
- 31150010309040
Description
This exceptional 3,960 square foot office building presents a unique opportunity for businesses seeking a prominent location in Syracuse, New York. Situated on a 0.2-acre lot, the property boasts unparalleled convenience, being within walking distance of the vibrant downtown core and enjoying immediate access to major highways. This strategic positioning ensures effortless commutes for employees and clients alike, maximizing accessibility and minimizing travel time. The building itself is ready for immediate occupancy, offering ample space to accommodate a variety of business needs. Its substantial size provides flexibility for diverse layouts and configurations, catering to expanding businesses or those requiring significant workspace. The building's prime location, combined with its generous square footage and convenient access to transportation networks, makes it an ideal investment for businesses seeking to establish or expand their presence in a thriving urban environment. The asking price of $425,000 represents a compelling value proposition for a property of this caliber in such a desirable location. Serious inquiries are encouraged to explore this exceptional opportunity further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $320,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $365,000
- Mixed-Use
- $280,000
- Hospitality
- $315,000
- Educational
- $325,000
- Residential Income
- $295,000
- Energy
- $330,000
- Income-Based Land
- $310,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1458
- Latitude
- 43.052
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA