1004 E Adams St Syracuse, NY 13210
For Sale
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This exceptional 9,018-square-foot retail storefront presents a unique investment opportunity in Syracuse, NY. Located in the vibrant University Hill neighborhood, this two-story building sits on a 0.46-acre lot and boasts 20 dedicated parking spaces. Its strategic position between Marshall Street and East Genesee Street places it within easy reach of Syracuse University (over 21,000 students and 5,000 employees) and SUNY Upstate Medical University & Health System (over 9,500 employees). The property benefits from high foot traffic, proximity to numerous shops and restaurants on Marshall Street, and convenient access to I-81. The building is zoned MX-4: Urban Core (effective July 3, 2023), offering flexibility for a variety of commercial uses. This former bank branch provides a solid foundation for redevelopment, capitalizing on the area's strong demographics and high demand. The property offers excellent visibility and accessibility via E Adams Street and S Crouse Avenue. Asking price is $3,500,000. This is a rare chance to acquire a substantial retail property in a thriving university setting.
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Hospital Executive Council Charitable Organization Social Service Agency
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KeyBank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
10 · Syracuse, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.