Property profile

711 Genesee St Syracuse, NY 13210

OFF-MARKET
Office buildings
Property ID
US63-0645754
6,754 SF 0.15 ac lot Built 1930
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,800 square foot free-standing office building, located at 711 E Genesee St in Syracuse, NY, presents a rare investment opportunity. Currently configured as a multi-tenant property, 3,400 square feet are immediately available for lease or purchase. The building is meticulously maintained and enjoys a prime location within the vibrant Syracuse University neighborhood, catering to both university-affiliated businesses and downtown professionals. Its strategic position benefits from the proximity to a burgeoning residential area, with over 400 new apartments planned nearby, ensuring a strong and growing tenant pool. The property's creative and executive office subtypes offer versatile space suitable for a variety of businesses. The address is 711 E Genesee St, Syracuse, NY 13210. This is a unique chance to acquire a well-situated property in a rapidly developing area of Syracuse, offering significant potential for growth and return on investment. The building's size and location make it ideal for a single large tenant or multiple smaller businesses. The existing infrastructure is in excellent condition, minimizing upfront capital expenditures. The high visibility and convenient access further enhance the property's appeal. This is a truly exceptional opportunity to own a piece of Syracuse's thriving commercial landscape.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Total area 6,754 SF
Lot 0.15 ac (6,370 SF)
Zoning code 10
APN 311500 048.-01-09.0
UPID US63-0645754

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
  • Law Firm
  • Council
  • Law Firm

Location

711 Genesee St Syracuse, NY 13210-1552
Syracuse metro Census 3400 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
$420k
Blend (final) Blend
$310k

Owner & transaction history

since 2024
Last sale
$625,000
2 recorded transactions
2024
$625,000
2011
$135,000

Zoning & alternative use

10 · Syracuse, NY
Top alternative use upside
Neighborhood: shopping center $725,000 +8.0%

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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