5248 Witz Dr, Syracuse, NY 13212
For Sale
1 / 4
This exceptional 1.67-acre commercial land parcel presents a unique build-to-suit opportunity within the established Allen Road Office Park in Syracuse, New York. Located at 5248 Witz Dr, Syracuse, NY 13212 (APN: 112.-06-13.9), this property is zoned 0-2 and offers significant advantages for developers. The asking price is $175,000, translating to a land value of $2.40 per square foot. A key benefit is the existing infrastructure: a paved and lit parking lot with capacity for 72 vehicles is already in place, saving considerable development time and costs. This is the last remaining parcel in this highly sought-after office and medical park, strategically situated near Taft Road and the North Medical Center, ensuring high visibility and convenient access. The property's prime location and existing infrastructure make it an ideal site for a variety of commercial developments, offering a compelling investment opportunity for those seeking a turnkey solution in a thriving market. This is a rare chance to acquire a fully prepared site in a well-established and desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · N Syracuse, NYN Syracuse. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.