701 South Geddes Street, Syracuse, NY, 13204

701 South Geddes Street Syracuse, NY 13204

701 South Geddes Street, Syracuse, NY, 13204
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FOR SALE
Property Type:
Street Retail
Amount:
$1,500,000
Last Verified:
Sep 06, 2024

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Highlights

  • Multi-tenant building with eleven successful retail tenants
  • Historic 38,552 SF two-story structure built in 1920
  • Second floor offers development potential for additional space
  • Prime corner location at a traffic light intersection
  • Situated on a .53-acre parcel, providing ample space for retail activities
  • Highly visible location ideal for retail and street retail businesses

Description

Introducing 701 South Geddes Street, a prime investment opportunity in the heart of Greater Syracuse. This impressive 38,552 SF multi-tenant building boasts a rich history, having been meticulously constructed in 1920 and now home to eleven thriving retail tenants. Offering exceptional visibility at a key intersection with a traffic light, the property occupies a .53-acre parcel and presents an ideal location for retail and street retail investors. With potential for development on the second floor, this corner gem promises a world of possibilities for astute investors seeking a coveted slice of Syracuse's vibrant retail landscape.

Discover the vibrant potential of the Greater Syracuse market! Nestled in the heart of the city, the location offers prime access to a bustling community and a diverse array of amenities for retail investors. With close proximity to the historic Armory Square, known for its unique blend of shops, restaurants, and entertainment, the area provides a dynamic environment for retail businesses to thrive. Nearby destinations like the Everson Museum of Art and the Rosamond Gifford Zoo offer additional attractions for locals and visitors alike. The property's strategic location presents an exciting opportunity to become part of a thriving retail landscape in Syracuse, NY.


Year Built: 1920
Building Size: 38552sq ft
Building Class: C
Lot Size: 0.53 acres


Documents

701 S. Geddes Street Brochure

Map of 701 South Geddes Street, Syracuse, NY, 13204

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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.