Office for Sale in Syracuse, NY

  • Price: $1.2M
  • Listing type: For sale
  • Asset type: Office
  • Location: Syracuse, NY 13214
  • Size: 11,800 SF

Description

Sale or lease of 8,600 SF office building and 3,200 SF flex/storage building on one parcel (0.86-acre). Office building has multiple private offices on glass, two conference rooms and large open bullpen area. Can lease office building separately or with rear flex building. 40 parking spaces. Cell tower installation on the rear building provides income. Located just off the intersection of Kinne Road and Erie Blvd East in the heart of Dewitt and across the street from the major Shoppingtown Mall redevelopment project. Available December 1st.

Market Context

This office in Syracuse, NY is listed for sale at $1,250,000 across 11,800 SF ($106/SF). It has been on the market for 206 days. Compare it against other office listings for sale in Syracuse, NY — <a href="/search/sale/office/new-york/syracuse">view the full market</a>.

As of Q4 2023, the Syracuse office market showed a 3.7% vacancy rate, and average asking rents near $16.64/SF/yr. Source: Cushman & Wakefield Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Syracuse office market tightening or softening?
Vacancy is around 3.7% (Q4 2023).

Unified Estimate

Very Low Confidence

$40.71/SF – $55.07/SF

Mid: $47.89/SF

Total estimate for 11,800 SF: $565,102

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market cincinnati (similarity: 100%) with 23 comparable listings.

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