626 Butternut Street, Syracuse, NY 13208

New - 7 Hours Ago

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Property Description

EXCELLENT OPPORTUNITY FOR INVESTORS TO ADD THIS MIXED-USE PROPERTY TO YOUR PORTFOLIO. HIGH-TRAFFIC LOCATION FEATURING A COMBINATION OF LIVING SPACE AND BUSINESS/RENTAL OPPORTUNITIES (HISTORICALLY ASSOCIATED WITH A LOCAL STOREFRONT SUCH AS INSURANCE OFFICE, JEWERLY STORE, LIQUOR STORE?) WHICH OPERATED BY OWNER WHO OCCUPIED THE BACK TWO BEDROOMS UNIT, LATER TRANSITIONED INTO TENANT-OCCUPIED. A LARGE GARAGE THAT COULD BE RENTED FOR STORAGE AS AN EXTRA INCOME. THE BUILDING FEATURES SEPARATE FURNACE, AND ELECTRIC METERS FOR EACH UNIT. THIS HELPS REDUCE OWNER EXPENSES AND IMPROVE LONG-TERM CASH FLOW. THE PROPERTY IS CURRENTLY VACANT, MAKING IT IDEAL FOR AN INVESTOR LOOKING TO UPGRADE AND SET THEIR OWN RENTS, OR FOR AN OWNER-OCCUPANT SEEKING A VALUE-ADD PROJECT. REPAIRS ARE NOT NEEDED, WHICH IS ALSO REFLECTED IN THE OPPORTUNITY AND UPSIDE FOR THE NEXT OWNER. NEAR DESTINY MALL, FARMERS MARKET, NBT BANK STADIUM, AND MINUTES FROM DOWNTOWN SYRACUSE, ARMONY SQUARE, ST. JOSEPH AND SUNY UPSTATE HOSPITALS. EASY ACCESS TO I-90, 690 AND 81 FOR QUICK COMMUTES. THIS PROPERTY IS ALSO A SHORT DRIVE FROM THE UPCOMING MICRON SEMICONDUCTOR DEVELOPMENT LOCATED IN CLAY, NY, WHICH WILL BE BRINGING THOUSANDS OF JOBS AND BOOSTING LOCAL DEMAND FOR HOUSING. WITH STRONG RENTAL INCOME, A CONVENIENT LOCATION, AND SYRACUSE'S GROWING ECONOMY.

626 Butternut Street | MLS# S1726263

This commercial property located at 626 Butternut Street, Syracuse, NY 13208 is currently listed for sale with an asking price of $119,900. Butternut Street is located within the Syracuse school district. Search Syracuse real estate on blake-hitt.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Business
Basement: Full
Heating: Gas, ForcedAir
Lot Size: 0.11 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $3,239
Year Built: 1940

Feature Descriptions

Flooring: Hardwood, Linoleum, Varies, Vinyl
Lot: Rectangular, RectangularLot
Lot Dimensions: 33X145
Parcel#: 311500-016-000-0002-007-000-0000
Parking: Fenced, OnSite
Parking Notes: Fenced, OnSite
Sewer: PublicSewer
Utilities: ElectricityConnected, SewerConnected, WaterConnected
Water: Public

Local Schools

School District: Syracuse

Demographics

Listed By / Shown By

Listing By

Agency Name: WEICHERT, REALTORS-TBG
Agency Contact: anthonyphan712@yahoo.com

Shown By

Agent Name: Blake Hitt
Agent Phone: (607) 434-8219
Agency Title: Timberland Properties

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