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Property profile & analytics
FOR SALE
Banks

1004 E Adams St Syracuse, NY 13210

13,492 SF 0.37 ac lot Built 1970
Individually Owned 14-yr Hold Free & Clear
Property ID
US63-3516211
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Total area 13,492 SF
Lot 0.37 ac (16,093 SF)
Zoning code 10
APN 311500 049.-08-01.0
UPID US63-3516211
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hospital Executive Council Charitable Organization Social Service Agency
  • KeyBank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
$801k
Blend (final) Blend
$580k
Owner & transaction history
National Association First Niagara · 14 yrs held
National Association First Niagara
since 2012
4 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2012
$624,000
Zoning & alternative use
10 · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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