401 North Avenue, Syracuse, NY 13206

Property Description

R1 RESIDENTIAL REDEVELOPMENT OPPORTUNITY — EASTWOOD, SYRACUSE Located in the Eastwood section of Syracuse, 401 North Ave. is a unique corner-lot property offering an excellent opportunity for an investor, contractor, or owner looking for a value-add residential project. The property was once utilized as a storefront, but the zoning has since changed and the property is now R1 residentially zoned, creating an opportunity to transform the existing structure into a residential property, subject to the applicable building requirements, approvals, and permits. The interior is currently partially partitioned and will require renovation and additional work to create a finished, livable residential space. The property is being offered as a renovation/redevelopment opportunity and will require investment before it can be occupied or offered for rent. The corner-lot location provides excellent visibility and a distinctive footprint, while the existing structure gives the next owner a starting point for their renovation plans. Whether you’re an experienced investor, contractor, or buyer looking for a project where you can add value through renovation, this property offers plenty of possibilities. Bring your vision and turn this property into something new. Buyers are encouraged to perform their own due diligence regarding R1 zoning, permitted residential uses, building-code requirements, utilities, necessary permits, renovation requirements, and the feasibility and cost of converting the existing structure into a legally habitable residential dwelling. Property is being sold in its current condition. Please Call Owner / Broker Andre Mauro 646-238-5965 André Mauro 646-238-5965