301 Salina StSyracuse, NY 13202

For Sale
$3,100,000

Prime Downtown Location, 56,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
97
This iconic, four-story, Class A retail building, located at 301 S Salina St, Syracuse, NY 13202, offers 56,000 square feet of space on a 0.35-acre lot. Built in 1920, the property boasts a prominent corner location with excellent visibility from both W. Fayette and S. Salina Streets. The building features a grand staircase connecting the first floor to a 14,000 square foot lower level with impressive 17-foot ceiling heights. A significant portion of the first floor is occupied by DGX, opening in the third quarter of 2021. The property is offered as a multi-tenant NNN lease with 10 years remaining on the lease term. Ample parking is available with 1,500 public spaces within one block. The property benefits from its location in a revitalized downtown area, with convenient access to public transportation (centro bus stops on Salina Street). Downtown Syracuse has experienced substantial growth, including a 77% increase in residents (3,600 currently) over the past decade and over $1 billion in new investment between 2010 and 2021. Further development is planned, with an additional 500 apartments expected by 2022. The asking price for this exceptional investment opportunity is $3,100,000. The APN is 311500-101-000-0006-012-000-0000.

Highlights

  • $3,100,000 asking price for this Class A retail property.
  • 56,000 square feet on four floors, with a NNN lease structure.
  • Multi-tenant building with a 10-year remaining lease term.
  • Located at 301 S Salina St, Syracuse, NY 13202, on a 0.35-acre lot.
  • Features 1,500 parking spaces within one block and excellent street visibility.

Property Details for 301 Salina St

Property type
Other retail properties, Retail properties
Square Feet
56,000 SF
Class
A
Year Built
1920
Stories
4
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0484901
Longitude
-76.1516538
301 Salina St, Syracuse, New York

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301 Salina St
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