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116 W Manlius Street, DeWitt, NY 13057
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$285,000
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Home Details for 116 W Manlius Street
Price
$285,000
Type
Commercial/Industrial
Year Build
1930
Sq. Ft.
4120
Lot Size
0.17
County
Onondaga
Tax
$5,527
MLS®️ Listing#
S1611469
On exitrealty.com
130 days
Property Description
Prime Mixed-Use Investment Opportunity – 116 W Manlius St, East Syracuse, NY.
Discover the potential of this 4-unit mixed-use property in the heart of East Syracuse! 116 W Manlius St features two commercial storefronts on the first floor and two residential apartments on the second floor, offering a versatile investment opportunity.
Currently, one commercial unit and both residential apartments are leased, generating a gross income of $2,750 per month. The total gross rent will be increasing to $3,000 per month effective September 1, 2025 (NOT including current vacant commercial unit).
This setup presents an excellent opportunity for an owner-user looking to establish their business in the vacant commercial space while benefiting from existing rental income. Alternatively, investors can further maximize returns by leasing the remaining unit and implementing value-add improvements to achieve market-rate rents.
Additional features include a small parking area in the back of the building for tenant convenience and separately metered utilities for each unit, creating ease of management.
This property offers a prime chance to secure a highly visible location with significant upside potential. Just minutes from downtown Syracuse, easy access to I-690, and less than 20 minutes to the proposed Micron site. Do not miss this opportunity to own a strategically positioned asset in a growing area!
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- Heating Information
- Natural Gas
- Forced Air
- Parking
- Other
- See Remarks
- Utilities
- Sewer Connected
Listing Courtesy: The O'Hara Group - 315-491-6088. Presented by: Connor Schwartz
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable by is not guaranteed accurate by the MLS.
? 2024 CNYIS, Inc., GENRIS and WNYREIS All rights reserved.
Fair Housing NoticeLast Updated: 2025-09-30 23:58:07
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