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117 Townsend St Syracuse, NY 13203-2336

OFF-MARKET Office buildings Google Maps
3,960 SF 0.2 ac lot Built 1963
Entity Owned Free & Clear
Estimated value (blended)
$280k
Range $252k – $308k (±10%)
Property ID US63-2416031

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Total area 3,960 SF
Lot 0.2 ac (8,712 SF)
Zoning code 20
APN 311500 103.-09-04.0
UPID US63-2416031

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
  • Advertising Agency Marketing & Advertising
  • Restaurant Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
1 recorded transaction
2025
$350,000

Zoning & alternative use

20 · 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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