2000 Teall AveSyracuse, NY 13206

For Sale
$425,000

Multi-tenant office building, excellent income.

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional two-story office building, located at 2000 Teall Ave in Syracuse, NY, presents a compelling investment opportunity. Boasting 8,000 square feet across one building on a 0.26-acre lot, this property offers 28 parking spaces and has historically maintained 100% occupancy. Built in 1965, the building is well-maintained and situated in a high-demand area, just minutes from major amenities including universities, hospitals, downtown Syracuse, the post office, the Thruway, and the airport. The asking price is $425,000, translating to $53.12 per square foot. This multi-tenant property provides a consistent stream of rental income, making it ideal for both new and experienced investors. Potential for increased income exists through rent adjustments and cost-saving measures such as self-management of janitorial and snow removal services. Currently, the landlord covers all utilities and maintenance, with tenants billed semi-annually for common area maintenance (CAM). This turnkey investment offers a strong return on investment and significant upside potential in a prime Syracuse location. The property's ease of maintenance and historically high occupancy rate make it a low-risk, high-reward opportunity.

Highlights

  • Exceptional two-story office building totaling 8,000 square feet on a 0.26-acre lot in Syracuse, NY.
  • 28 parking spaces and historically 100% occupancy.
  • Asking price: $425,000 ($53.12/SF).
  • Prime Syracuse location, minutes from major amenities (universities, hospitals, downtown, Thruway, airport).
  • Turnkey investment with potential for increased income through rent adjustments and reduced operating expenses via self-management.

Property Details for 2000 Teall Ave

Property type
Other office properties, Office properties
Square Feet
8,000 SF
Year Built
1965
Buildings
1
Stories
2
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Syracuse
County
Onondaga
State
New York
Latitude
43.0775261
Longitude
-76.1230059
2000 Teall Ave, Syracuse, New York

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2000 Teall Ave
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