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108-122 W Jefferson St
Syracuse, NY 13202

LOEWS LANDMARK BUILDING CONDOMINIUMS · Office Property For Sale · 171,865 SF

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Investment Highlights

Iconic Historic property located in the heart of downtown Syracuse
Residential condominium conversion opportunity for up to 7 units. (Average sale price in the building is $230.00/s.f.)
5th floor provides windows and views from all directions with private outdoor space

Office condominium ownership opportunities from 1,500 sf - 10,000 sf
Property located at the entrance to Armory Square, an arts, entertainment, dining and residential historic district
Two existing tenants with short-term leases are a great source of income.

Executive Summary

Be a part of history in this iconic downtown Syracuse property. On the main floor, the recently renovated and expanded historic Landmark Theatre is home to traveling Broadway shows and other local and national productions. The upper floors have been converted into condominiums. The 6th, 7th and 8th floors are home to 24 newly created residential condominiums. Recent sales of these units are averaging over $230.00/s.f. The 5th Floor offers a full floor with 4 existing office condominiums that can provide a unique opportunity for downtown ownership for innovative companies. Ownership opportunities range from 1,500 sf up to the entire 10,000 sf floor. Alternate development plans would allow for the entire floor to be easily converted into 7 new residential condominiums.

PROPERTY FACTS

Unit Size	1,576 - 4,260 SF	Number of Floors	8
No. Units	4	Typical Floor Size	10,000 SF
Total Building Size	171,865 SF	Year Built	1930
Property Type	Office	Lot Size	0.69 AC
Property Subtype	Office/Residential OfficeLoft Creative Space Office Data Centre	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Unit Size	1,576 - 4,260 SF
No. Units	4
Total Building Size	171,865 SF
Property Type	Office
Property Subtype	Office/Residential OfficeLoft Creative Space Office Data Centre
Building Class	B
Number of Floors	8
Typical Floor Size	10,000 SF
Year Built	1930
Lot Size	0.69 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

4 Units Available

Unit 500

Unit Size	1,648 SF	Sale Type	Investment or Owner User
Unit Use	Office

Unit Size	1,648 SF
Unit Use	Office
Sale Type	Investment or Owner User

Unit 501

Unit Size	4,260 SF	Sale Type	Investment or Owner User
Unit Use	Office

Unit Size	4,260 SF
Unit Use	Office
Sale Type	Investment or Owner User

Sale Notes

Includes 455 sf of private outdoor space

Unit 503

Unit Size	1,576 SF	Sale Type	Investment or Owner User
Unit Use	Office

Unit Size	1,576 SF
Unit Use	Office
Sale Type	Investment or Owner User

Unit 504

Unit Size	2,507 SF	Sale Type	Investment or Owner User
Unit Use	Office

Unit Size	2,507 SF
Unit Use	Office
Sale Type	Investment or Owner User

Sale Notes

Current tenant has the right to purchase the unit during their lease which expires on 8/31/26

24 Hour Access
Controlled Access

Outdoor Seating

Air Conditioning

Balcony

zoning

Zoning Code	MX-5 (Allows for a variety of high-density commercial uses as well as residential condominiums.)
MX-5 (Allows for a variety of high-density commercial uses as well as residential condominiums.)

Listing ID: 34083918
Date on Market: 04/12/2024
Last Updated:
Address: 108-122 W Jefferson St, Syracuse, NY 13202

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