Commercial Land in Syracuse, New York, offers a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 150,000 and a metropolitan area of 662,000, Syracuse is a hub for education, healthcare, and retail, making it an attractive location for businesses and entrepreneurs. Commercial Land in Syracuse can represent a variety of investments, from retail and office spaces to industrial and manufacturing facilities. The city's diverse neighborhoods, such as Armory Square, University Hill, and Westcott, offer a range of opportunities for development and growth. Syracuse's infrastructure, including the Department of Public Works and the Syracuse water system, provides a solid foundation for businesses to thrive. Additionally, the city's location at the intersection of Interstates 81 and 90 makes it an ideal spot for transportation and logistics. With attractions like the Everson Museum of Art and the Syracuse University sports teams, Syracuse is a great place for business and travel.
Syracuse's Commercial Land market offers a range of opportunities, with 23 listings currently available. The average price per square foot is , and the average size of Commercial Land in Syracuse is square feet, with the largest property spanning 0 square feet. The average cap rate for Commercial Land in Syracuse is. In addition to Commercial Land, Syracuse also offers other property types, such as office spaces, retail spaces, and industrial facilities, each with its own unique characteristics and opportunities. Whether you're looking to invest in a small retail space or a large industrial facility, Syracuse has something to offer. With its strong economy, diverse neighborhoods, and excellent infrastructure, Syracuse is an attractive location for businesses and investors alike.
What are common commercial uses for land in the Syracuse market?
In the Syracuse market, common commercial uses for land include retail development, such as shopping centers and strip malls, as well as office spaces, warehouses, and industrial facilities, taking advantage of the city's strategic location at the intersection of Interstates 81 and 90. Additionally, land is also being utilized for healthcare and educational institutions, given the presence of prominent institutions like Syracuse University, SUNY Upstate Medical University, and St. Joseph's Health.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Syracuse, there are several common ways to do so. For instance, investors can buy land directly from a private seller, work with a commercial real estate broker, or explore online marketplaces like LoopNet, which offers a comprehensive guide on how to buy land and navigate the process.
