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

701 South Geddes Street, Syracuse, NY 13204

Accepting Offers
Syracuse Mixed-Use Corner Building – Retail Income + Residential ConversionSyracuse Mixed-Use Corner Building – Retail Income + Residential ConversionSyracuse Mixed-Use Corner Building – Retail Income + Residential ConversionSyracuse Mixed-Use Corner Building – Retail Income + Residential Conversion
Asking Price

$1,495,000

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

701 South Geddes Street, Syracuse, NY 13204

Asset Type: Real Estate

Estate: Fee Simple

Year Renovated: 2022

Number of Floors: 2

Property Type: Retail

Year Built: 1920

Land Area: 0.53 Acres

Property Size: 38,552 SF

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

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

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.

Sale FAQs

Investment Sales Broker

Tom Lischak, CCIM

Tom Lischak, CCIM

Bridgeway Commercial Realty, LLC

NY License: 10491204314

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXX

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