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108-122 W Jefferson St
Syracuse, NY 13202

$205,000 - $555,000 USD

Office Residential Condos For Sale • 1,576+ SF

Property Details

Property Type Office Residential
Total Building Size 171,865 SF
Lot Size 0.69 AC
Building Class B
Year Built 1930
Tenancy Multiple
Zoning MX-5

60 Transit Score

91 Walk Score

4 Units Available

Name	Condo Use	Size	Price
5th Floor - Unit 500	Office	1,648 SF	$215,000 USD
Unit Size: 1,648 SF Condo Use: Office Price: $215,000 USD Sale Type: Investment or Owner User Price/SF: $130.46 USD
5th Floor - Unit 501	Office	4,260 SF	$555,000 USD
Unit Size: 4,260 SF Condo Use: Office Price: $555,000 USD Sale Type: Investment or Owner User Price/SF: $130.28 USD Sale Notes Includes 455 sf of private outdoor space
5th Floor - Unit 503	Office	1,576 SF	$205,000 USD
Unit Size: 1,576 SF Condo Use: Office Price: $205,000 USD Sale Type: Investment or Owner User Price/SF: $130.08 USD
5th Floor - Unit 504	Office	2,507 SF	$250,000 USD
Unit Size: 2,507 SF Condo Use: Office Price: $250,000 USD Sale Type: Investment or Owner User Price/SF: $99.72 USD Sale Notes Current tenant has the right to purchase the unit during their lease which expires on 8/31/26

Description

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 5th floor to be easily converted into 7 new residential condominiums.

                
                    Highlights
                
                                Iconic Historic property located in the heart of downtown Syracuse 
                            
                                Office condominium ownership opportunities from 1,500 sf - 10,000 sf
                            
                                Residential condominium conversion opportunity for up to 7 units.  (Average sale price in the building is $230.00/s.f.)
                            
                                Property located at the entrance to Armory Square, an arts, entertainment, dining and residential historic district
                            
                                5th floor provides windows and views from all directions with private outdoor space
                            
                                Two existing tenants with short-term leases are a great source of income.

Financial Summary

Total Expenses:

$5,140 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Landmark Theatre of the Performing Arts

Amenities

24 Hour Access
Controlled Access
Outdoor Seating
Air Conditioning
Balcony

Public Transportation

Commuter Rail	Drive	Walk	Distance
Syracuse Regional Transportation Center (Empire Service - Amtrak, Lake Shore Limited - Amtrak, Maple Leaf - Amtrak)	5 min	-	2.7 mi
Syracuse (Toronto - New York - VIA Rail)	5 min	-	2.7 mi
Airport	Drive	Walk	Distance
Syracuse Hancock International	12 min	-	7.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Martin McDermott 315-427-5737 JF Real Estate

108-122 W Jefferson St Syracuse, NY 13202