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Property profile

1925 Park St Syracuse, NY 13208

OFF-MARKET
Manufacturing properties
Property ID
US63-1830153
View Sample
32,214 SF 0.49 ac lot Built 1935
Entity Owned 2-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional investment opportunity presents a portfolio of two commercial properties totaling 10,263 to 29,315 square feet, situated on a 0.78-acre lot in Syracuse, NY. Located at 1925 Park St and 1800 N Salina St, this vacant property boasts over 375 feet of frontage along Hiawatha Boulevard, experiencing high traffic volume exceeding 16,000 AADT. Its prime location near the I-81 exit adds to its strategic advantage, with traffic counts exceeding 10,000 AADT. The property is zoned I-A, permitting a wide range of commercial uses. This is a remarkable development opportunity in the vicinity of Destiny USA, a major 2.4 million square foot super-regional mall, offering significant potential for growth and high returns. The asking price for this multi-tenancy property is $1,195,000. The property is currently vacant, presenting a blank canvas for a new development or redevelopment project. This is a rare chance to acquire a substantial commercial property in a high-traffic area with excellent visibility and access. The property's location near Destiny USA and major transportation arteries makes it an ideal site for a variety of commercial ventures.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1935
Total area 32,214 SF
Lot 0.49 ac (21,510 SF)
Zoning code 22
APN 311500 002.-02-02.0
UPID US63-1830153

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
  • Recycling Center Waste Management Facility
  • Recycling Center Waste Management Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
$511k
Blend (final) Blend
$600k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2021
Price N/A

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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