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21970495
21970503

231 Walton St, Syracuse, NY 13202

AS
NY 10401332986
Arlie Brokerage
Arlie Brokerage
Listed by Arlie Brokerage
$3,150,000
469 days on market
Updated 2 days ago
Opportunity zone

231-235 Walton St

Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 31,400
Units 3
Cap Rate 7.00%
Occupancy 75%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $320,420
Price per SqFt $100
Broker Co-Op Yes
Class A
Year Built 1980, 2001
Year Renovated 2018
Buildings 2
Stories 2
Acreage 1.390
Zoning MX-5 (Mixed Use Business - Central Business District)
Parking Spaces spaces
Investment Type Value Add
Ground Lease No

Downtown Office Buildings with rare parking, 3 well known strong long term local tenants.

Marketing description

Property Overview:

Two well-maintained office buildings located in a prime downtown location, currently at 75% occupancy. The properties feature long-term leases with strong local tenants, ensuring stable cash flow. On-site parking is available, a valuable asset in the downtown market.

Investment Highlights:

Occupancy: 75% with potential for increased revenue through lease-up

Tenants: Established local businesses with long-term leases

Parking: Dedicated on-site parking for tenants and visitors

Location: Prime downtown area with high visibility and accessibility

Upside Potential: Opportunity to increase occupancy and enhance returns

Investment highlights

Investment Highlights:

Occupancy: 75% with potential for increased revenue through lease-up

Tenants: Established local businesses with long-term leases

Parking: Dedicated on-site parking for tenants and visitors

Location: Prime downtown area with high visibility and accessibility

Upside Potential: Opportunity to increase occupancy and enhance returns, opportunity to convert to residential apartments.

Listing Contacts

AS
NY 10401332986
Arlie Brokerage
Arlie Brokerage
Listed by Arlie Brokerage

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Additional Information

Name
Alec Sessa
License
10401332986
Brokerage Address
7030 East Genesee Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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