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647 W Genesee St 37,170 SF 100% Leased Retail Building Syracuse, NY 13204 $3,502,556 CAD ($94.23 CAD/SF)
Investment Highlights
- 37,170 +/- SF free-standing building
- New Roof & Renovations in 2025
- Strategic location in Syracuse
- 1.45 +/- Acre Parcel
- Zoned for diverse commercial use
- Excellent visibility and access opportunities
Executive Summary
647 W Genesee Street offers a rare opportunity to acquire a 37,170 +/- SF free-standing commercial building on 1.45 +/- acres in Syracuse, NY. Formerly an automobile dealership/showroom, the property is being repositioned into a flexible multi-tenant commercial asset with showroom, flex, service, storage, event, and owner-user potential. Ownership has completed and/or commenced major improvements, including a new roof, new front showroom windows, interior painting, updated finishes, planned ceiling work, insulation upgrades, HVAC improvements, bathroom renovations, and other modernization efforts. The property features high ceilings, overhead doors, large open areas, strong visibility, and ample on-site parking. Existing month-to-month tenancy provides flexibility for a buyer to keep income in place, renegotiate leases, pursue rental upside, or reclaim space for their own use. Potential owner lease-back income may also be available through the planned event/banquet concept, The Giselle Manor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
37,170 SF
Building Class
C
Year Built
1940
Price
$3,502,556 CAD
Price Per SF
$94.23 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.59
Lot Size
1.45 AC
Opportunity Zone
Yes
Zoning
5 - "CM" Commercial zoning in the City of Syracuse. Within an Automotive Overlay District.
Parking
250 Spaces (6.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 311500-106-000-0012-001-002-0000 | Improvements Assessment | $677,214 CAD |
| Land Assessment | $278,390 CAD | Total Assessment | $955,604 CAD |
Property Taxes
Parcel Number
311500-106-000-0012-001-002-0000
Land Assessment
$278,390 CAD
Improvements Assessment
$677,214 CAD
Total Assessment
$955,604 CAD
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647 W Genesee St
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