Property profile

620 Erie Blvd W Syracuse, NY 13204

FOR LEASE
Office buildings
Property ID
US63-1765299
152,406 SF 1.49 ac lot Built 1970
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This three-story, Class B office building, totaling 152,000 square feet, presents a compelling opportunity in Syracuse, NY. Constructed in 1970, the property is conveniently located less than a mile from downtown, offering the best of both worlds: urban accessibility and ample free parking. The building boasts a multi-tenant configuration, with a range of suite sizes available, from a minimum of 561 square feet to a maximum contiguous space of 12,977 square feet. Currently, 30,660 square feet of space is vacant, providing significant flexibility for businesses seeking expansion or relocation. The building features convenient access to a parking garage via elevators, ensuring ease of access for employees and visitors. The owner is open to customizing spaces to meet specific tenant requirements, making this a highly adaptable and attractive option for a variety of businesses. The property is situated in Onondaga County, at 620 Erie Blvd W, Syracuse, NY 13204. This location offers a blend of urban convenience and readily available parking, a rare combination in a thriving city center. The building's single structure comprises three stories, providing a well-defined and easily navigable workspace.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Total area 152,406 SF
Lot 1.49 ac (64,904 SF)
Zoning code 22
APN 311500 105.-10-02.1
UPID US63-1765299

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hospital
  • Accounting Firm Tax Preparation
  • Title Company
  • Social Service Agency Charitable Organization
  • Corporate Office

Location

620 Erie Blvd W Syracuse, NY 13204
Syracuse metro Census 2101 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.48M
Blend (final) Blend
$9.63M

Owner & transaction history

since 2014
1 recorded transaction
2014
$6.2M

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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