Prime Retail Corner Across From Destiny USA

1805-1815 North Salina Street Syracuse, NY 13208

1805-1815 North Salina Street, Syracuse, NY, 13208
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FOR SALE
Property Type:
Free Standing Building
Amount:
$1,995,000
Last Verified:
Aug 28, 2023

Highlights

  • Highly Visible Corner Location 31,827 ADT
  • ¼ mile to Destiny USA Mall, Inner Harbor Redevelopment and the County Aquarium project.
  • This site has very close access to the I-81 and the I-90 Thruway.
  • .95+/- Acre Commercial Parcel
  • Two Buildings Totaling 6,237+/- SF

Description

Highly visible Re-development Site consisting of .95 Acres on a the highly trafficked corner of Hiawatha Blvd. and North Salina Street with traffic counts in excess of 31,000 Vehicles daily. The Real Value in this property is it sits in the middle of several Major Re-developments Projects all within ¼ mile radius from the site. For example, the building directly across the street from this property is undergoing a $55.4 million major transformation of the former Syracuse Penfield factory. This building will have 128 loft apartments on the upper floors and the First floor will have over 3,600 square feet of Commercial space. In addition there are several major redevelopment projects underway in the immediate area such as the Inner Harbor Project, the Aquarium project and redevelopment of several other buildings. Additionally, Destiny USA Mall, NBT Mets Bank Stadium, the Syracuse Regional Bus Transportation Center and the Regional Market are all within walking distance from this site. The entrance to Interstate 81 is directly across the street from this property. The property for sale has two buildings situated on .95+/- Acres and is currently being operated as a high-end pre owned auto dealership. There are two buildings on the property one building is a 2,790+/- SF Office & Service Area with two overhead doors and the second building is a 3,920+/- SF Body Shop with four overhead doors. Both buildings have been completely Updated Inside & Out. This site has very close access to the I-90 Thruway and all Interstates. Potential Uses are: Retail site, Medical facility, Physician office, Physical Therapy, Restaurant, Convenience Store, Gas / Service station, Fast Food, Bar/Night club, Drug Store, Bank, Financial.

This is a great location in the City of Syracuse with easy access to all major highways. Just across the highway from the Inner Harbor Redevelopment Project. Near the Syracuse Regional market as well as the redeveloped Pennfield Manufacturing Building and Destiny USA.


Year Built: 1950
Building Size: 6237sq ft
Lot Size: 0.95 acres


Documents

1805 Dev Sale Brochure 23

Map of 1805-1815 North Salina Street, Syracuse, NY, 13208

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.