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    Property profile & analytics
    OFF-MARKET Estimated value $510,000
    Office buildings

    500 Salina N Butternut St, Syracuse, NY 13208

    13,180 SF 0.46 ac lot Built 1960
    Individually Owned 14-yr Hold Free & Clear
    Property ID
    US63-2644126
    Property summary
    AI-generated overview

    Butternut Plaza, located at 500 Butternut Street in Syracuse, New York (zip code 13208), offers a prime retail opportunity. This neighborhood center boasts a total of 45,991 square feet and currently has 2,060 square feet of vacant space available for lease. The property is conveniently situated just outside of Syracuse's Little Italy and enjoys close proximity to St. Joseph's Hospital, ensuring high visibility and foot traffic. The center benefits from the presence of two national tenants, Family Dollar and Save-A-Lot, both of which demonstrated resilience during the recent economic challenges. This established tenancy provides a stable and attractive environment for new businesses. The property is classified as a retail neighborhood center in Onondaga County, New York. The available space presents a unique chance to establish or expand a retail presence in a thriving Syracuse location. The property's central location and established tenant base make it an ideal investment for businesses seeking strong visibility and a stable market. The 2,060 square feet of vacant space offers flexibility for a variety of retail uses. Interested parties should inquire for further details and lease terms.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1960
    Total area 13,180 SF
    Lot 0.46 ac (20,010 SF)
    Zoning code 20
    APN 311500 008.-18-01.0
    UPID US63-2644126
    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
    • Boost Mobile Mobile Phone Store Electronics & Wireless Store
    • Syracuse Community Police Center Police Department
    • Pavone's Pizza Restaurant
    • Spring Restaurant
    • Save A Lot Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $360k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $346k
    Blend (final) Blend
    $510k
    Owner & transaction history
    National Association First Niagara · 14 yrs held
    National Association First Niagara
    since 2012
    1 recorded transaction
    2012
    $835,000
    Zoning & alternative use
    20 · Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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