Property profile

1101 Erie E Blvd Syracuse, NY 13210

OFF-MARKET
Office buildings
Property ID
US63-3120220
33,936 SF 0.84 ac lot Built 1980
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story, 31,062 square foot medical office building in Syracuse, NY, presents a compelling investment opportunity. Recently renovated, the first floor boasts a modern lobby and elevator access. The upper level features numerous individual office suites arranged around a central hallway. The property offers approximately 81 parking spaces, including surface lots, street parking, and a seven-car garage, providing ample parking for patients and staff. Its strategic location within one mile of major hospitals (St. Joseph's, Crouse, SUNY Upstate, and the VA) and its proximity to downtown Syracuse and major thoroughfares make it highly desirable. Currently zoned industrial, a proposed rezoning to MX-3 is underway. The 1.09-acre lot provides significant potential for future development or expansion. This property is ideal for medical practices, traditional office users, or mixed-use development, offering a blend of convenience, accessibility, and modern amenities. The building was constructed in 1980 and sits on two stories. The APN is 311500-030-000-0008-002-000-0000 & 03000000040220000000. The asking price is $1,500,000.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1980
Total area 33,936 SF
Lot 0.84 ac (36,380 SF)
Zoning code 22
APN 311500 030.-08-02.0
UPID US63-3120220

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist

Location

1101 Erie E Blvd Syracuse, NY 13210-1148
Syracuse metro Census 3400 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$860k
Blend (final) Blend
$640k

Owner & transaction history

since 2021
Last sale
$1.4M
1 recorded transaction
2021
$128,000

Zoning & alternative use

22 · Syracuse, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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