Property profile

300 Spencer St Syracuse, NY 13204

OFF-MARKET
Commercial land
Property ID
US63-6115962
5.44 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6-acre development site is ideally located in Syracuse's vibrant Inner Harbor/Franklin Square District, offering unparalleled potential for mixed-use development. Zoned MX-4: Urban Core, this property presents a unique opportunity for investors and developers seeking a prime location for a variety of projects. The expansive lot allows for significant flexibility in design and construction, catering to multi-family residential, commercial, or a combination of both. The property is available for sale at $5,000,000, or alternatively, a triple net (NNN) lease arrangement can be negotiated. Its central location within the Inner Harbor provides easy access to major transportation routes, amenities, and the bustling city center. This is a rare chance to acquire a substantial parcel of land in a rapidly growing area of Syracuse, New York, with the potential for substantial returns. The property's address is 300 Spencer St, Syracuse, NY 13204, situated in Onondaga County. Broker cooperation is available. This is a truly remarkable opportunity to shape the future of Syracuse's Inner Harbor.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.44 ac (236,966 SF)
Zoning code 22
APN 311500 117.-08-04.1
UPID US63-6115962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

300 Spencer St Syracuse, NY 13204-1338
Syracuse metro Census 100 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.28M

Owner & transaction history

since 2023
Last sale
$3.1M
2 recorded transactions
2023
$3.1M
2019
$2.0M

Zoning & alternative use

22 · Syracuse, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 300 Spencer St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message