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317 W Fayette St
Syracuse, NY 13202
Armory Square · Retail Property For Sale
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
Fully Leased Investment Property – Residential apartments and ground-floor commercial space fully leased with stable in-place income
Long-Term Retail Lease in Place – Ground-floor commercial tenant secured with a new long-term lease, enhancing income stability
Consistent Cash Flow – Established tenancy providing immediate returns and reduced vacancy risk
Approximately 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
Fully Leased Investment Property – Residential apartments and ground-floor commercial space fully leased with stable in-place income
Long-Term Retail Lease in Place – Ground-floor commercial tenant secured with a new long-term lease, enhancing income stability
Consistent Cash Flow – Established tenancy providing immediate returns and reduced vacancy risk
Approximately 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
$1,337,572 CAD
Price Per SF
$398.09 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
Property Taxes
| Parcel Number | 311500-101-000-0003-005-000-0000 | Improvements Assessment | $254,001 CAD |
| Land Assessment | $38,335 CAD | Total Assessment | $292,335 CAD |
Property Taxes
Parcel Number
311500-101-000-0003-005-000-0000
Land Assessment
$38,335 CAD
Improvements Assessment
$254,001 CAD
Total Assessment
$292,335 CAD
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