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Investment Highlights

  • Heavy foot traffic, across from Courtyard by Mariott Hotel
  • Proximity to highway
  • Heart of downtown, Armory Square

Executive Summary

Mixed-Use Asset (±3,360 SF) – Two-story building with residential and commercial components
Stable In-Place Income – Two fully leased apartments providing consistent cash flow
Value-Add Opportunity – Vacant ground-floor office and retail space allows for lease-up upside and NOI growth
Owner-User Potential – Ideal for an investor seeking income plus space for their own business
40’ of Frontage – Strong visibility in a high-traffic downtown corridor
Located in the Heart of Armory Square – Walkable to restaurants, retail, and entertainment
Positioned in Fast-Growing Downtown Syracuse – Benefiting from major public and private investment, population growth, and continued development momentum
Strong Residential & Commercial Demand Drivers – Proximity to major employers, hospitals, universities, and mixed-use redevelopment projects

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,360 SF
Building Class
B
Year Built
1917
Price
$1,337,310 CAD
Price Per SF
$398.01 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
MX-5: CBD - The MX-5 district is established to provide for areas of highest-density, transit-supportive residential development, and maximum building heights.
Frontage
40’ on Fayette St

Amenities

  • 24 Hour Access
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning
  • Balcony
  • Smoke Detector
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100

Nearby Major Retailers

Chase
Starbucks
Community Bank, N.A.
Bank of America
NBT Bank
Lidl
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
311500-101-000-0003-005-000-0000
Land Assessment
$38,572 CAD
Improvements Assessment
$255,576 CAD
Total Assessment
$294,148 CAD
  • Listing ID: 40125662

  • Date on Market: 2026-04-12

  • Last Updated:

  • Address: 317 W Fayette St, Syracuse, NY 13202

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