Syracuse Mixed-Use Corner Building – Retail Income + Residential Conversion

Investment Overview

Signalized corner, high-visibility investment opportunity in Syracuse’s Near West Side. This 38,552 SF multi-tenant retail building is improved with 11 established tenants and sits on a 0.53-acre parcel with strong exposure to approximately 20,000 vehicles per day, adjacent to a Valero gas station. The 1920 two-story structure offers durable “main street” retail fundamentals plus meaningful value-add: below-market rents with month-to-month flexibility, a large vacant second floor suitable for residential conversion or additional commercial tenancy (MX-2 zoning), and a basement currently used for storage with potential for expanded use. Recent capital improvements include a roof approximately three years old, newer windows, and a refreshed exterior. Minutes to Burnet Park and the Rosamond Gifford Zoo, and near the City’s new public safety/police facility, this asset combines current cash flow with redevelopment upside.

Investment Highlights

• 38,552 SF corner multi-tenant retail building
• 11 established tenants; month-to-month leases
• Signalized intersection with ±20,000 VPD
• 0.53-acre parcel; next to Valero Gas
• 1920 historic building with freight elevator
• Newer roof, newer windows, refreshed exterior
• Below-market rents with upside potential
• Vacant second floor for mixed-use buildout (MX-2)
• Basement storage with expansion potential
• Near Burnet Park Zoo; new police facility nearby