Fayette St
Syracuse, NY 13202
SYRACUSE GATEWAY DEVELOPMENT SITE · Land For Sale · 1.30 AC
INVESTMENT HIGHLIGHTS
- Prime location for University Student Housing. Potential to create assemblage up to 3.0 Acres. Potential site for Hotel.
- Located along the future enhanced Almond Street (Business Route 81), the soon to be replacement for the elevated I-81 viaduct
- Near downtown Syracuse, Crouse Hospital, VA, St; Joseph's Health Center, SUNY Upstate Hospital
- Central location to booming apartment markets near Syracuse University and downtown Syracuse. New MX-5 Zoning!!!
- Close proximity to Syracuse University, SUNY Upstate Medical University, SUNY ESF, Downtown Syracuse
- Property falls within Syracuse designated Opportunity Zone
EXECUTIVE SUMMARY
Fayette Street/Almond Street Corner: .66 acres-$1.95 million
PROPERTY FACTS Under Contract
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.30 AC |
| Cross Streets | Almond Street |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Lot Size | 1.30 AC |
Property Falls within the Syracuse Opportunity Zone. 1.3-acre development site, with ability to increase to 2.0-acres, in the University Hill section of Syracuse. Ideal for student housing or market-rate housing, or Hotel.
DESCRIPTION
Property Falls within the Syracuse Opportunity Zone... Recently pass City of Syracuse Zoning overhaul designates this site MX-5 a much coveted high-density mixed use zoning. 1.3-acre development site in the University Hill section of Syracuse. Ideal for student housing development, market rate multi-family housing, retail development, hotel development... Parcel #1: 716 East Washington Street: .65 acres- $2.0 million... Parcel #2: Fayette Street/Almond Street Corner: .66 acres-$1.95 million... Large frontage along Almond Street, which will soon replace the elevated viaduct of I-81 with a grade level boulevard (Business Route 81)... Located in the heart of the University Hill section of Syracuse, NY. Over 3,000 private student housing units are under construction or have recently been completed within 1/2 mile of site. Close proximity to Syracuse University, Upstate Medical University, Crouse Hospital, VA Medical Campus, Downtown Syracuse... Adjacent to Syracuse University Center of Excellence and Upstate Medical CNY Biotechnology Research Center... Located on the Syracuse University Connective Corridor...
PROPERTY TAXES
| Parcel Number | 311500-030-000-0016-018-000-0000 | Improvements Assessment | $1,000 |
| Land Assessment | $294,000 | Total Assessment | $295,000 |
ZONING
| Zoning Code | CA/MX-5 |
