1300 S Salina St
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1300 S Salina St
112,000 SF Industrial Building Syracuse, NY 13202 $3,000,000 ($27/SF)
Investment Highlights
- Historic, 112,000± SF (including basement), three story building situated on 3.2± acres in the up-and-coming Southwest neighborhood of Syracuse
- Property may qualify for historic tax credits with redevelopment
- Over $70 million invested in the neighborhood including JMA Wireless headquarters ($52 M) and Syracuse Community Health Center ($22.5 M)
- Property situated within new federal Opportunity Zone community development program
- Excellent opportunity for conversion to mixed-use including apartments on upper floors and retail/office on the ground floor or light manufacturing/
- Salina 1st, a $15 million, 52,000 SF commercial development which is scheduled to be complete by 2024, is less than 1000’ from the subject property
Executive Summary
The former Sears, Roebuck Co. building is available for sale. Positioned near recent new developments including JMA Wireless headquarters, Syracuse Community Health Center and Salina 1st (scheduled to be complete by 2024). This property offers over 112,000 SF for redevelopment. The main building is three stories with basement and one- and two-story additions. The first floor of the main building is 33,000 SF with a loading dock. Building ideal for light manufacturing with possible retail and office components. Situated on 3.2 acres allows for ample parking or future expansion. Adjacent parcels may be available for purchase separately.
Property Facts
| Price | $3,000,000 | Rentable Building Area | 112,000 SF |
| Price Per SF | $27 | No. Stories | 3 |
| Sale Type | Owner User | Year Built | 1930 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 4 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 3.50 AC |
| Price | $3,000,000 |
| Price Per SF | $27 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.50 AC |
| Rentable Building Area | 112,000 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 4 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 311500-085-000-0004-002-000-0000 | Improvements Assessment | $145,800 |
| Land Assessment | $314,200 | Total Assessment | $460,000 |
PROPERTY TAXES
Parcel Number
311500-085-000-0004-002-000-0000
Land Assessment
$314,200
Improvements Assessment
$145,800
Total Assessment
$460,000
zoning
| Zoning Code | 020 |
| 020 |
-
Kimberly Boynton -
Cushman & Wakefield | Pyramid Brokerage Company
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1300 S Salina St
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