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500 N Clinton St
Syracuse, NY 13204
FRANKLIN SQUARE DEVELOPMENT SITE · Land For Sale
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0.69 AC
INVESTMENT HIGHLIGHTS
- Prime location in Historic Franklin Square
- New Zoning classification allows for high-density commercial or residential development or hotel
- Excellent access to Downtown Syracuse, The Inner Harbor and Syracuse University
- Existing Building will be demolished by Summer 2024
EXECUTIVE SUMMARY
The existing building on the site will be demolished by 3/31/24 as part of the I-81 reconstruction.
The remaining .691-acre parcel will be available for development by Summer of 2025.
The development parcel will have over 500 ft of frontage along the newly extended North Clinton Street that creates a new gateway to Franklin Square.
The new City of Syracuse Zoning Ordinance classifies the property as MX-4 which provides for a wide variety of high-density commercial and residential development possibilities.
The site offers excellent access and exposure from the future Business Route 81 and provides excellent access to Downtown Syracuse, the Inner Harbor and Syracuse University.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.69 AC |
| Zoning | Commercial - Mixed-Use. New Syracuse Zoning MX-3 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.69 AC |
| Zoning | Commercial - Mixed-Use. New Syracuse Zoning MX-3 |
1 LOT AVAILABLE
Lot
| Price | $1,171,130 CAD | Lot Size | 0.69 AC |
| Price Per AC | $1,697,289.84 CAD |
| Price | $1,171,130 CAD |
| Price Per AC | $1,697,289.84 CAD |
| Lot Size | 0.69 AC |
As part of the I-81 reconstruction, NYS has condemned the existing building (demo by 3/31/24) and a portion of the lot. The remaining portion of the lot is a .691-acre development parcel and will have frontage on N. Clinton St and Genant Drive.
DESCRIPTION
PRIME FRANKLIN SQUARE DEVELOPMENT PARCEL The existing building on the site will be demolished in summer of 2024 as part of the I-81 reconstruction. The remaining .691-acre parcel will be available for development by Summer of 2025. The development parcel will have over 500 ft of frontage along the newly extended North Clinton Street that creates a new gateway to Franklin Square. The new City of Syracuse Zoning Ordinance classifies the property as MX-4 which provides for a wide variety of high-density commercial and residential development possibilities as well as hotel. The site offers excellent access and exposure from the future Business Route 81 and provides excellent access to Downtown Syracuse, the Inner Harbor and Syracuse University.
PROPERTY TAXES
| Parcel Number | 311500-118-000-0007-001-000-0000 | Improvements Assessment | $152,340 CAD |
| Land Assessment | $256,208 CAD | Total Assessment | $408,548 CAD |
PROPERTY TAXES
