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Property profile

119 Simon Dr Syracuse, NY 13224

OFF-MARKET
Commercial land
Property ID
US63-2124427
View Sample
1.49 ac lot
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 1.3-acre commercial land parcel presents a unique development opportunity in Syracuse, New York. Located at 119 Simon Drive, this shovel-ready site boasts approximately 277 feet of frontage along Simon Drive and is strategically situated within the same complex as Lowe's, Golden Corral Buffet & Grill, and Broadview Federal Credit Union. The property's CM Commercial zoning (City of Syracuse) allows for a variety of commercial uses. Utilities are readily available, including sewer, gas, water, electric, and data lines, minimizing development hurdles. Its convenient location offers excellent access to major transportation arteries, being approximately 0.2 miles from the eastbound I-690 ramps and less than 0.25 miles from the high-traffic Erie Boulevard East retail corridor, including a prominent Price Chopper supermarket. This high-visibility location ensures significant exposure for any commercial venture. The asking price for this exceptional property is $700,000. This presents a compelling investment opportunity for developers seeking a well-located, fully-serviced site in a thriving commercial area. Don't miss this chance to secure a prime piece of Syracuse real estate.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.49 ac (64,904 SF)
APN 311500 033.1-01-01.5
UPID US63-2124427

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

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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