411 University Ave Syracuse, NY 13210

This exceptional mixed-use investment opportunity presents a nine-story building situated on two lots totaling 11,481 square feet at 411-413 University Avenue in Syracuse, New York. The property, zoned MX-4, boasts 88,790 gross square feet, including 8,879 net rentable square feet, and currently operates at 100% occupancy. The building comprises 47 units, offering a compelling blend of apartment and hotel functionality. With a building footprint of 8,879 square feet and a lot coverage of 77.3% (with a maximum allowable coverage of 100%), this property presents significant redevelopment potential. The property includes six parking spaces. The location in a burgeoning Syracuse University neighborhood makes it ideal for either continued operation as a mixed-use property or redevelopment into a larger-scale hotel or residential complex. The property's tax IDs are 48-11-12 and 48-11-13, and it is eligible for the 485-J Tax Abatement. The asking price for this prime Syracuse real estate is $6,000,000. This is a rare chance to acquire a high-performing asset with substantial upside in a dynamic urban setting. The lot dimensions are approximately 89 feet by 129 feet.