Remarks

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.

Details

MLS#: S1618833
Price: $1,100,000

Style: Business
Sq Ft: 3380
Year Built: 1960

County: Onondaga
Subdivision: Mill Pond
Lot Size: 20X92
Tax Fee: 9986

School District: Syracuse