Office for Sale in Syracuse, NY

  • Price: $425K
  • Listing type: For sale
  • Asset type: Office
  • Location: Syracuse, NY 13203
  • Size: 5,708 SF

Description

Please see property package. Great opportunity for owner/occupied or investment. Classic convert home to medical office/professional office with 10 suites ranging from 200SF to 1,500SF. New energy efficient boiler and green lighting systems installed 2 years ago ($40,000). 16 car parking and centrally located near the CBD and major hospitals. Total income is $60,000 per year.

Market Context

This office in Syracuse, NY is listed for sale at $425,000 across 5,708 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

$14.24/SF – $19.25/SF

Mid: $16.74/SF

Total estimate for 5,708 SF: $95,552

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.

Contact

  • Christopher Savage — Real Estate Salesperson - Pyramid Brokerage

Explore this market

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