Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Commercial real estate

    5248 Witz Dr, Syracuse, NY 13212

    1.68 ac lot
    Entity Owned 18-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1767100
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.68 ac (73,181 SF)
    Zoning code 05 - COMMERCIAL
    APN 312489 112.-06-13.9
    UPID US63-1767100
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Oneida Financial Corp · 18 yrs held
    Oneida Financial Corp
    since 2007
    2 recorded transactions
    2020
    2007
    $200,000
    Zoning & alternative use
    05 - COMMERCIAL · N Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    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?”
    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