1004 James St
Syracuse, NY 13203

Office Property For Sale

INVESTMENT HIGHLIGHTS

  • 22,540± square foot, two-story office building situated on 0.86± acres.
  • Existing first floor tenant with a lease through November 2028 and a five (5) year renewal option and annual escalations. Freight elevator with dock d
  • Includes a 35-space parking lot, which is accessed from Oak Street and has been recently paved. Restrooms on all floors including showers in basement
  • Convenient location on James Street in the city of Syracuse with Centro Bus Stop at the corner of James and Oak Streets
  • Partial basement space for storage and mechanicals, also accessed with freight elevator
  • Property situated within new federal Opportunity Zone community development program

EXECUTIVE SUMMARY

50% leased office building available for sale. This building is 22,540 SF, 2 stories on 0.86 acres with approximately 40 on-site non-covered parking spaces. Convenient to Downtown/CBD, Syracuse University, Hospital, Armory Square, Airport and I-81. 1st floor leased through November 21, 2028: 11,000 square feet, currently at $9.56 per square foot NNN with 2% annual escalations. Tenant has one 5-year renewal option.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
25,382 SF
Building Class
B
Year Built
1975
Price
$1,150,000
Price Per SF
$45
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
12,691 SF
Building FAR
0.68
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
8 - Commercial
Parking
34 Spaces (1.34 Spaces per 1,000 SF Leased)

PROPERTY TAXES

  • Listing ID: 33246855

  • Date on Market: 9/20/2024

  • Last Updated:

  • Address: 1004 James St, Syracuse, NY 13203