1004 James St | Syracuse, NY 13203
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1004 James St
Syracuse, NY 13203
Office Property For Sale
Investment Highlights
- 22,540± square foot, two-story office building situated on 0.86± acres.
- Existing first floor tenant with a lease through November 2028 and a five (5) year renewal option and annual escalations. Freight elevator with dock d
- Includes a 35-space parking lot, which is accessed from Oak Street and has been recently paved. Restrooms on all floors including showers in basement
- Convenient location on James Street in the city of Syracuse with Centro Bus Stop at the corner of James and Oak Streets
- Partial basement space for storage and mechanicals, also accessed with freight elevator
- Property situated within new federal Opportunity Zone community development program
Executive Summary
50% leased office building available for sale. This building is 22,540 SF, 2 stories on 0.86 acres with approximately 40 on-site non-covered parking spaces. Convenient to Downtown/CBD, Syracuse University, Hospital, Armory Square, Airport and I-81. 1st floor leased through November 21, 2028: 11,000 square feet, currently at $9.56 per square foot NNN with 2% annual escalations. Tenant has one 5-year renewal option.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
25,382 SF
Building Class
B
Year Built
1975
Price
£917,528
Price Per SF
£36
Tenancy
Single
Number of Floors
2
Typical Floor Size
12,691 SF
Building FAR
0.68
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
8 - Commercial
Parking
34 Spaces (1.34 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 311500-019-000-0008-001-000-0000 | Improvements Assessment | £468,980 |
| Land Assessment | £119,631 | Total Assessment | £588,611 |
PROPERTY TAXES
Parcel Number
311500-019-000-0008-001-000-0000
Land Assessment
£119,631
Improvements Assessment
£468,980
Total Assessment
£588,611
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