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716 E Washington St
Syracuse, NY 13210
UNIVERSITY HOTEL/RESIDENTIAL DEVELOPMENT SITE · Office Property For Sale
Investment Highlights
- .65-acre site with a 2-story 21,000 s.f. Office building with existing Income (Syracuse University Lease)
- 1.31-acre site can be assembled with two adjacent available parcels. Additional parcel may increase assembledge to 2.0 acres
- Located in Syracuse Opportunity Zone. Part of the new Syracuse University Gateway
- Borders soon to be enhanced Almond (Street) Boulevard the replacement of the elevated I-81 elevated viaduct. Project to commence in 2022.
- Prime location in the Lower University Hill neighborhood. Within 1/4 mile of 1,000+ Student Housing Units
- Adjacent to vibrant Downtown Syracuse
Executive Summary
PROPERTY FACTS
About 716 E Washington St , Syracuse, NY 13210
The property is located in the heart of the rapidly developing Lower University Hill Neighborhood. The area has seen $100's million in investment involving private university student housing, hotels, market-rate apartment construction, the development of the Syracuse University Center of Excellence along with medical research & development and general medical office space developments. The property falls along the soon to be demolished I-81 elevated viaduct that will be replaced by an enhanced Almond Street/Boulevard. It also has excellent access to the new Syracuse University Gateway that will be created by new highway interchanges along I-690 at S. Crouse and Irving Avenues. There adjacent properties bordering Almond Street and East Fayette Street are also available for sale that would created an 1.31-2.0 acre development parcel.
PROPERTY TAXES
| Parcel Number | 311500-030-000-0016-003-000-0000 | Improvements Assessment | $512,000 |
| Land Assessment | $380,000 | Total Assessment | $892,000 |
PROPERTY TAXES
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