216 Genesee St Syracuse, NY 13202
- Investment properties
- 12,000 SF
- 0.07 lot acres
Current Use by Public Records
- Biofeedback America / Biofeedback Therapist
- Beauty Savage / Spa
- Alyn Beauty / Eyebrow Bar
- BALDWIN LAW / Legal Services
Property Details for 216 Genesee St
- Year built
- 1940
- Lot size
- 0.07 lot acres
- Property size
- 12,000 SF
- Zone code
- 13
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 311500 104.-13-07.0
- APU
- 31150010413070
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,435,000
- 6.5%
- $1,310,000
- 7%
- $1,365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,245,000
- Geo Method
- $1,500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,240,000
- Retail
- $1,380,000
- Mixed-Use
- $1,625,000
- Hospitality
- $1,360,000
- Educational
- $1,450,000
- Residential Income
- $1,250,000
- Energy
- $1,630,000
- Income-Based Land
- $1,510,000
- Food Service
- $1,300,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1539
- Latitude
- 43.0518
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
