2006 Genesee St Syracuse, NY 13219

Geddes Plaza, located at 2006 W Genesee St, Syracuse, NY 13219, presents a compelling investment opportunity. This Class B, stabilized mixed-use property encompasses 51,528 square feet across four buildings on a 2.25-acre lot. The property features 50 units, including 22 residential apartments and 28 commercial spaces, currently boasting 92% occupancy with 46 tenants under a modified lease structure. The asking price is $2,100,000, representing a price per square foot of $40.75 and a 9.80% cap rate, generating a net operating income (NOI) of $205,900. Its strategic location in the West Genesee Street Corridor provides exceptional visibility and accessibility, with proximity to Interstates 690 and 81, offering convenient access to Syracuse's suburbs and the Micron Chip Fabrication project. The property benefits from cost savings through Solvay's Municipal Electric Department. This high-occupancy, multi-tenant property offers investors a stable investment with significant potential for long-term growth and strong returns due to its prime location and low utility costs. The property is situated in Onondaga County, New York.