UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 23,410 sqft
Price per Sqft $149
MLS Listing ID S1610645
Construction Status Existing
HOA Y/N No
Year Built 1825
Annual Tax Amount $40,703
Lot Size 5,283 Sqft
Acres 0.1213
Lot Dimensions 80X66
Property Sub-Type Office
Property Description
Welcome to 121-129 W Fayette Street – a standout property offering the perfect blend of commercial potential and residential income in one of Syracuse's most vibrant downtown corridors.
This well-maintained, mixed-use building features approximately 5,300 square feet of street-level commercial space, ideal for retail, office, or hospitality use. With prominent frontage on busy W Fayette Street & Clinton St, the commercial unit benefits from high visibility, heavy foot traffic, and easy access to nearby amenities, making it a compelling choice for owner-users or tenants alike.
Above the commercial space are 13 residential apartments, consisting of a mix of 1- and 2-bedroom units. Each apartment offers comfortable layouts, updates, and strong rental demand, providing a steady stream of income. The building's upper floors enjoy city views and close proximity to downtown employers, entertainment venues, and public transportation.
Whether you're an investor seeking a high-yield property, or a business owner looking to operate below your rental income stream, this property delivers flexibility and long-term upside in a growing market.
Location
State NY
County Onondaga
Area Syracuse City-311500
Zoning Com
Interior
Heating Gas, Forced Air
Cooling Central Air
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Membrane,Rubber
Building
Lot Description Rectangular, Rectangular Lot
Story 4
Sewer Public Sewer
Water Public
Structure Type Other
Construction Status Existing
Schools
School District Syracuse
Others
Tax ID 311500-101-000-0005-001-001-0000
Acceptable Financing Cash, Other, See Remarks
Listing Terms Cash, Other, See Remarks
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1610645
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Grant Pettrone
Licensed Real Estate Broker, Founder | License ID: 10491209675
Licensed Real Estate Broker, Founder License ID: 10491209675