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    Property profile & analytics
    OFF-MARKET
    Auto shops

    200 Florence Ave 8, Syracuse, NY 13205-2050

    8,800 SF 0.89 ac lot Built 1900
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US63-3415262
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1900
    Total area 8,800 SF
    Lot 0.89 ac (38,755 SF)
    Zoning code 01 - NOT ZONED
    APN 311500 071.-03-05.0
    UPID US63-3415262
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    ROGER D HENSON
    ROGER D HENSON
    Zoning & alternative use
    01 - NOT ZONED · Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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