Syracuse Mixed-Use Corner Building – Retail Income + Residential Conversion

Highlights:

• 38,552 SF corner multi-tenant retail building
• 11 established tenants; month-to-month leases
• Signalized intersection with ±20,000 VPD
• 0.53-acre parcel; next to Valero Gas
• 1920 historic building with freight elevator
• Newer roof, newer windows, refreshed exterior
• Below-market rents with upside potential
• Vacant second floor for mixed-use buildout (MX-2)
• Basement storage with expansion potential
• Near Burnet Park Zoo; new police facility nearby

Description:

Signalized corner, high-visibility investment opportunity in Syracuse’s Near West Side. This 38,552 SF multi-tenant retail building is improved with 11 established tenants and sits on a 0.53-acre parcel with strong exposure to approximately 20,000 vehicles per day, adjacent to a Valero gas station. The 1920 two-story structure offers durable “main street” retail fundamentals plus meaningful value-add: below-market rents with month-to-month flexibility, a large vacant second floor suitable for residential conversion or additional commercial tenancy (MX-2 zoning), and a basement currently used for storage with potential for expanded use. Recent capital improvements include a roof approximately three years old, newer windows, and a refreshed exterior. Minutes to Burnet Park and the Rosamond Gifford Zoo, and near the City’s new public safety/police facility, this asset combines current cash flow with redevelopment upside.

Set in Syracuse’s Near West Side at the gateway to Downtown, 701 S Geddes Street offers the kind of location retailers and mixed-use investors actively seek: high visibility, strong daily traffic counts, and growing neighborhood momentum. Positioned just minutes from Burnet Park, an 88-acre destination park, and the Rosamond Gifford Zoo, the property also benefits from close proximity to Downtown’s Armory Square dining and entertainment district and cultural anchors like the Everson Museum of Art.

The corridor is experiencing meaningful public and private reinvestment. The City’s new Syracuse Public Safety Complex on West Fayette Street is expected to be fully operational in 2026, bringing increased activity and stability to the area. In addition, planned “complete streets” improvements along South Geddes Street are designed to enhance roadway infrastructure, pedestrian access, and overall connectivity. Nearby, adaptive reuse residential projects are adding new housing units and contributing to neighborhood revitalization.

With quick access to Destiny USA — one of the region’s largest retail and entertainment destinations — along with Downtown Syracuse and major transportation routes, this location presents a compelling opportunity to invest in a highly visible corridor positioned for continued growth and long-term appreciation.

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