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139 N Geddes St 10,287 SF 100% Leased Office Building Syracuse, NY 13204 $835,020 CAD ($81.17 CAD/SF)
Investment Highlights
- Seven apartments fully rented on a month-to-month basis.
- Separate utilities for simplified management and tenant accountability.
- Opportunity for renovation to enhance property value and rental income.
- Two vacant storefront spaces with prior rents of $1,500 each, offering income growth potential.
- Located near Downtown Syracuse and Tipperary Hill, ensuring strong traffic and accessibility.
Executive Summary
This mixed-use property at 139 N. Geddes Street offers a compelling investment opportunity in a high-traffic Syracuse location. The building features seven fully occupied apartments on month-to-month leases and two ground-floor storefronts currently vacant, providing immediate upside potential. With a current monthly rental income of $5,750 and the ability to increase revenue by leasing the commercial spaces, this asset is well-positioned for strong cash flow and long-term appreciation.
Located minutes from Downtown Syracuse and the Tipperary Hill neighborhood, the property benefits from excellent visibility and accessibility. Separate utilities for each unit simplify management, while the building’s configuration supports both residential stability and commercial viability. Investors can capitalize on the property’s existing income stream while implementing value-add strategies through storefront leasing and potential renovations.
Located minutes from Downtown Syracuse and the Tipperary Hill neighborhood, the property benefits from excellent visibility and accessibility. Separate utilities for each unit simplify management, while the building’s configuration supports both residential stability and commercial viability. Investors can capitalize on the property’s existing income stream while implementing value-add strategies through storefront leasing and potential renovations.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,287 SF
Building Class
C
Year Built
1940
Price
$835,020 CAD
Price Per SF
$81.17 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,143 SF
Slab To Slab
13’
Building FAR
1.82
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
010
Parking
5 Spaces (0.48 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 311500-109-000-0005-012-000-0000 | Improvements Assessment | $310,869 CAD |
| Land Assessment | $36,083 CAD | Total Assessment | $346,952 CAD |
Property Taxes
Parcel Number
311500-109-000-0005-012-000-0000
Land Assessment
$36,083 CAD
Improvements Assessment
$310,869 CAD
Total Assessment
$346,952 CAD
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139 N Geddes St
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