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208 University Ave
Syracuse, NY 13210
Syracuse University Housing Development Site · Land For Sale · 0.90 AC

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INVESTMENT HIGHLIGHTS

  • Prime location for University Student Housing or other multi-family development or Hotel
  • Attached preliminary plans show a 124-unit, 5-level residential building with 60 on-site parking spaces
  • Located on Syracuse University's Connective Corridor Bus Loop.
  • Located in Syracuse Designated Opportunity Zone
  • Located adjacent to over $100 million in Student housing development

PROPERTY FACTS

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Hospitality
  • Apartment Units
  • Hold For Development
  • Hold For Investment
  • Hotel
Total Lot Size 0.90 AC
Opportunity Zone Yes
Zoning CA/MX-5

1 LOT AVAILABLE

Lot

Price $2,892,351 CAD
Price Per AC $3,213,723.42 CAD
Lot Size 0.90 AC

0.90-acre development-ready site with plans for 126-unit student housing project (see attached plans) Across the street to Copper Beech Commons 303-bed student housing site. Also, a great site for Hotel.

DESCRIPTION

A PRIME residential development site suitable for multi-family or student housing construction. Also ideal for Hotel. The attached plans show 126-units in a 4-story building with on-site parking for 60 cars. The property is graded, paved and fenced and currently operates as paid parking lot. The property is located at the intersection of University Avenue and East Fayette Street. In the surrounding 1/4 mile, over $100 million in new student housing development has occurred over the last few years. Excellent access to I-690 and the proposed new Crouse/Irving Exit/Entrance ramps (The new Gateway to Syracuse University). The property is located in the Syracuse designated Opportunity Zone.

  • Listing ID: 16376567

  • Date on Market: 2019-06-18

  • Last Updated:

  • Address: 208 University Ave, Syracuse, NY 13210

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