317 W Fayette Street, Syracuse, NY 13202
sale
$995,000
|
Other
Courtesy Of Keller Williams Realty Syracuse
Welcome to 317 W Fayette Street, a prime mixed-use investment opportunity in the heart of Armory Square, one of Syracuse's most vibrant and walkable neighborhoods. This well-maintained property features a commercial storefront and two smaller office spaces on the first floor, with two beautifully finished apartments on the second level; a 1-bedroom/1-bath unit and a spacious 2-bedroom/2-bath unit. All three main spaces are currently leased, offering immediate cash flow. The ground level provides flexibility for a variety of professional or retail uses. Located just steps from downtown dining, shopping, nightlife, and public transportation, this property offers strong occupancy and long-term investment potential. Over $250,000 in recent upgrades include plumbing, electrical, basement support beams, a sprinkler system addition, new fire alarm system, three newer boilers, a new HVAC system for the first floor, refinished stairs and hallway flooring, and an AC unit on the second floor currently being replaced. A turnkey asset with strong rental income and significant capital improvements already completed.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Floors: 2
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: S1618833
- Rooms: Basement
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