716 James StSyracuse, NY 13203

This single-story, 15,200 square foot Class B office building, located at 716 James Street in Syracuse, NY, presents a compelling value-add opportunity. Built in 1970, the property sits on a 1.04-acre lot and features 13,057 net rentable square feet, currently at 10% occupancy with two tenants. The asking price is $1,000,000, translating to $65.79 per square foot. The building is zoned for office use and offers convenient access, ample on-site parking, and a prime location just outside the central business district (CBD), with a bus stop directly in front. Its proximity to hospitals and highways makes it particularly well-suited for medical offices. The property is currently undergoing re-tenanting efforts following the impact of the COVID-19 pandemic. This presents a significant opportunity for investors or owner-occupiers seeking to increase occupancy and generate substantial returns. The modified lease type and lack of tenant credit rating should be considered in any investment analysis. The building's single-story design ensures convenient access for tenants and visitors. James Street is a highly desirable office address outside the Syracuse CBD. This property is being offered for sale by owner.