831 Fayette Street, Syracuse

Description

The historical Engelberg Huller warehouse is now available for sale. Property can also be available for lease and features heavy 3-phase power, 1 recessed dock, and 2 grade-level doors. Zoned Commercial 1 industrial (022), which allows for almost all uses. The property is situated on approximately 1.4 acres in the city limits of Syracuse, with 55,000 SF of warehouse now available for immediate lease or use. This redevelopment project could offer exceptional value for a developer, owner-user user or investor. The building is directly adjacent to a National Grid substation and could be suitable for a battery storage facility, solar project, and more. The property has both city water and sewer connected with multiple lines into the building. Located a minute’s walk from downtown and surrounded by several multi-million dollar redevelopments currently underway, including the new Syracuse Police headquarters, this property has plenty of potential for owner-user or investor. A possible multi-family redevelopment opportunity or commercial use would be ideal. The property is also eligible for all housing tax credits and historical tax credit incentives programs, as well as multiple state and federal grant programs.