request_info_guest true

701 South Geddes Street

$1,500,000

701 South Geddes Street, Syracuse, NY 13204

Active
Last Updated: 07/05/2025

38,552 sqft

Building Size

0.53 acres

Lot Area

Details:
Building Size:    38,552 sqft
Lot Area:    0.53 acres
Class:    C
Year Built:    1920
Floors:    2
Highlights:
  • 38,552 SF multi-tenant retail building
  • Long-term tenants on month-to-month leases
  • Historic structure built in 1920 with freight elevator access
  • Renovated in 2022
  • .53-acre parcel at a signalized, high-traffic intersection
  • Strong visibility with ±20,000 vehicles per day
  • Development potential for residential or additional commercial use
  • Basement space available for storage or further buildout
  • Adjacent to Valero Gas Station
  • Rapidly evolving corridor with strong future upside
Description:

Outstanding investment opportunity at a high-traffic corner in Syracuse. This 38,552 SF multi-tenant retail building features eleven established tenants and sits on a .53-acre parcel with excellent visibility—over 20,000 vehicles pass daily. Built in 1920, the two-story structure includes a freight elevator, usable basement, and development potential on the second floor for residential or additional commercial space. Located next to a Valero gas station, near Burnet Park Zoo, and close to a new police station, this property offers strong income with value-add upside.

Discover the vibrant potential of the Greater Syracuse market! Nestled in the heart of the city, the location offers prime access to a bustling community and a diverse array of amenities for retail investors. With close proximity to the historic Armory Square, known for its unique blend of shops, restaurants, and entertainment, the area provides a dynamic environment for retail businesses to thrive. Nearby destinations like the Everson Museum of Art and the Rosamond Gifford Zoo offer additional attractions for locals and visitors alike. The property's strategic location presents an exciting opportunity to become part of a thriving retail landscape in Syracuse, NY.

Map:
Documents:
Title
701_S._Geddes_Street_Brochure.pdf
View
701 S. Geddes Street Brochure
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Document

Today's Available Mortgage Rates

701 South Geddes Street, Syracuse, New York 13204

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 07/11/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$4,910 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $765,000 Loan Amount
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$4,971 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $765,000 Loan Amount
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$4,920 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $750,000 Loan Amount
Largest Commercial Real Estate Lending
Location
Gallery