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534 Westcott St

0.24 Acres of Commercial Land Offered at $1,559,217 CAD in Syracuse, NY 13210

Investment Highlights

  • Heavy foot traffic
  • Proximity to 3 major hospitals
  • Proximity to international airport
  • Proximity to Syracuse University
  • Proximity to Micron
  • Proximity to 6 major US Interstate Routes

Executive Summary

The property at 534 Westcott St, Syracuse, NY 13210-2549 is a prime mixed-use development opportunity located in the vibrant Westcott Street business district. This property, listed for sale at $1,200,000, offers a total area of 10,650 sqft on a 0.32-acre lot. The site is ideally situated less than a mile from Syracuse University and major hospitals, making it a high-traffic location with significant potential for commercial and residential use. The property is zoned for commercial use and has the potential for 10,000 sqft of new commercial space and 25,000 sqft of residential space, making it an excellent investment for developers looking to capitalize on the area's growth

Property Facts

Price $1,559,217 CAD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Apartment Units
Total Lot Size 0.24 AC

1 Lot Available

Lot

Price $1,559,217 CAD
Price Per AC $6,377,426 CAD
Lot Size 0.24 AC

The lot at 534 Westcott St, Syracuse, NY 13210 is a 0.24-acre commercial property in a high-traffic area near Syracuse University. It offers potential for mixed-use development with 10,000 sqft of commercial space and 25,000 sqft of residential space

Description

Westcott Street’s thriving business district supports a wealth of unique shops/restaurants less than 1 mile from Syracuse University and 3 major hospitals, with thousands of students and professionals calling the Westcott Neighborhood home. This high traffic location supports its local businesses year-round and the proximity to 6 major interstate routes (11/31/81/90/481/690), an international airport, and the much-anticipated Micron chip factory poise Westcott for lucrative economic growth. This development opportunity with a lot area of 10,650 square feet, has the potential for a mixed-use building with 10,000sf of new commercial space, 1,000sf of office space, and 25,000sf of desperately needed new apartment space. The Westcott Remix project laid much of the groundwork for this redevelopment. Investors have the opportunity to build upon the project’s foundation or realize a vision of their own! See https://www.westcottremix.com/ for more information on the original project.

Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
311500-046-000-0006-009-000-0000
Land Assessment
$28,899 CAD
Improvements Assessment
$279,728 CAD
Total Assessment
$308,627 CAD

zoning

Zoning Code MX-2 (Mixed use)
MX-2 (Mixed use)
  • Listing ID: 31281315

  • Date on Market: 2024-03-20

  • Last Updated:

  • Address: 534 Westcott St, Syracuse, NY 13210

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