Remarks

Introducing 321 W Fayette Street – a unique and income-producing mixed-use property located in the heart of Downtown Syracuse, just steps from Armory Square. This well-known building is home to a long-established Syracuse bar on the ground floor, a local staple with steady foot traffic and a loyal following.

Above the bar, the second and third floors offer a total of 20 single-room occupancy (SRO) boarding rooms, providing consistent rental income. The rooms share common bathrooms and are ideal for workforce or transitional housing. With strong demand for affordable downtown lodging, this property delivers reliable cash flow with room for management and operational improvement.

Details

MLS#: S1610669
Price: $650,000

Sq Ft: 8392
Year Built: 1820

County: Onondaga
Subdivision: Mill Pond
Lot Size: 24X99
Tax Fee: 11295

School District: Syracuse