200 Florence Ave 8, Syracuse, NY 13205-2050
This exceptional commercial property at 200 E Florence Ave, Syracuse, NY presents a unique investment opportunity. Spanning 8,800 square feet and situated on a generous 1.66-acre lot comprised of three city parcels, this property offers significant flexibility for discerning buyers. Currently operating as an automotive repair center, the property's existing infrastructure provides a solid foundation for continued use in this sector. However, its size and location also present compelling opportunities for redevelopment into a variety of higher-use commercial ventures. The property boasts convenient access to all essential utilities, ensuring seamless operations for any future business. This prime location in Syracuse benefits from the ongoing urban revitalization efforts, fueled by the removal of a section of Interstate 81 and the significant influx of new businesses and industries associated with the arrival of Micron Technology and its related partners. This presents a rare chance to capitalize on the city's burgeoning growth and secure a prominent position within a thriving commercial landscape. The asking price for this substantial property is $400,000. Don't miss this chance to own a piece of Syracuse's exciting future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
01 - NOT ZONED · Syracuse, NYSyracuse. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.