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!
