313 S Salina St Immeuble residentiel 10 lots 1 033 272 € (103 327 €/Lot) Syracuse, NY 13202

313 S Salina Street presents a rare opportunity to acquire a transformative redevelopment project in the heart of Downtown Syracuse. This five-story historic building totaling 16,200 square feet has already undergone significant predevelopment work, with the interior fully demolished, a new roof installed, and drawings done for nine luxury apartments above first-floor retail space. By advancing beyond the most time-consuming early redevelopment stages, the property offers a clear path toward repositioning a prominent downtown asset into a mixed-use destination.

The planned redevelopment capitalizes on many of the building’s original architectural features, including mostly intact hardwood floors and tin ceilings, while incorporating large 10-foot windows overlooking both South Salina Street and Bank Alley. The proposed apartment layouts combine historic character with modern residential design, creating the opportunity to deliver distinctive living spaces that stand apart from conventional multifamily product in the market. Situated on a 0.13-acre site, the building’s street-level retail component further enhances the project's potential by activating the frontage and complementing the surrounding urban environment.

The property benefits from an exceptional downtown location directly across from the corporate offices of Micron, the Downtown Committee of Syracuse, and CenterState CEO, while sharing the same corridor as the Landmark Theatre and Red House Theatre. Residents and visitors would also enjoy immediate access to two of Syracuse’s most vibrant districts, Armory Square and Hanover Square, both located within one block of the property. This concentration of employment, entertainment, dining, and cultural destinations supports long-term demand for both residential and retail uses.

Additional market fundamentals reinforce the redevelopment thesis, with submarket rents increasing 2.2% over the past 12 months. For investors and developers seeking a high-impact urban redevelopment opportunity with a clearly defined vision, substantial predevelopment progress, and a premier downtown location, 313 S Salina Street offers the opportunity to bring a landmark mixed-use project to life in the center of Syracuse’s evolving urban core.