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    Property profile & analytics
    OFF-MARKET Estimated value $1,540,000
    Investment properties

    216 Genesee St, Syracuse, NY 13202-1038

    12,000 SF 0.07 ac lot Built 1940
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-2767626
    Property summary
    AI-generated overview

    This exceptional 3,000 square foot commercial space at 216 W. Genesee St. in Syracuse, NY (zip code 13202) presents a unique opportunity for businesses seeking a vibrant and convenient location. The property is classified as retail and office space and is available as a single-tenant occupancy. Its versatile nature allows for a variety of uses, including traditional office, executive office, coworking, medical office, and creative office spaces. Located in the heart of downtown Syracuse, this property offers unparalleled access to the energy and activity of Clinton Square. This central location places businesses within easy reach of the annual events, the ice skating rink, the popular Downtown Farmers Market, and a diverse range of cultural and community attractions. The building itself offers a significant amount of space, ideal for businesses requiring ample room for operations and growth. Downtown Syracuse is currently undergoing a period of revitalization, making this an opportune time to establish or expand a business in this thriving area. The property's address is 216 W Genesee St, Syracuse, NY 13202, with coordinates 43.0517412 latitude and -76.1539015 longitude. This is a single-tenant space, offering privacy and control. The total building square footage is 3,000 square feet. This presents a rare chance to secure a prominent location in a revitalizing downtown area.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1940
    Total area 12,000 SF
    Lot 0.07 ac (3,100 SF)
    Zoning code 13
    APN 311500 104.-13-07.0
    UPID US63-2767626
    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
    Current use
    Occupant on record · Public records
    • Biofeedback America Physician Alternative Medicine Practice
    • Beauty Savage Spa & Massage Center
    • Alyn Beauty Hair Salon
    • BALDWIN LAW Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.82M
    CAP Approach CAP
    $1.66M
    Comparable Approach Comparable
    $1.39M
    Blend (final) Blend
    $1.54M
    Owner & transaction history
    Hogan Drs LLC · 4 yrs held
    Hogan Drs LLC
    since 2022
    Last sale
    $1.4M
    4 recorded transactions
    2022
    $1.4M
    2016
    2007
    2007
    $400,000
    Zoning & alternative use
    13 · Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.3M +40.4%
    Office building $1.2M +30.1%
    Restaurant $1.2M +27.8%
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