425-429 N State St 6,209 SF Retail Building Syracuse, NY 13203 £603,024 (£97.12/SF)
INVESTMENT HIGHLIGHTS
- FF&E includes: stoves, grills, fryers, coolers, freezers, dishwasher, and prep tables
- Minutes to downtown Syracuse and Destiny USA
- Four (4) adjacent lots for parking
- Less than 0.5 mi. from I-81; less than 1.5 mi. from I-690
EXECUTIVE SUMMARY
A 6,300 SF restaurant on a combined 0.46 AC corner lot, providing ample off-street parking. The property, which previously housed Ilario‘s Trattoria, is a three-story, freestanding building, at the entrance to Syracuse‘s Little Italy neighborhood. This former restaurant/bar features a fully equipped kitchen, bar, and lounge.
High-visibility location across from St. Joseph’s Health Hospital (451 beds); St. Joseph’s Health is one of the region’s largest employers (4,000 employees per The Central New York Business Journal) with many working at the downtown hospital.
High-visibility location across from St. Joseph’s Health Hospital (451 beds); St. Joseph’s Health is one of the region’s largest employers (4,000 employees per The Central New York Business Journal) with many working at the downtown hospital.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,209 SF
Building Class
C
Year Built
1904
Price
£603,024
Price Per SF
£97.12
Tenancy
Single
Number of Floors
3
Building FAR
1.58
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
MX-4
Parking
30 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
275 ft on State St
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 311500-017-000-0013-002-001-0000 | Improvements Assessment | £140,128 |
| Land Assessment | £18,166 | Total Assessment | £158,294 |
