Property summary
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
VerifiedCap rate & NOI
Current use
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Physician
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Ophthalmologist
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Ophthalmologist
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Ophthalmologist
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Ophthalmologist
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
22 · Syracuse, NYZoning
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Zoning designation
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