Historic Syracuse
Historic Syracuse Mansion with Mixed-Use Zoning – Major Restoration Opportunity with Incentives
Detailed Description:
An extraordinary opportunity awaits investors, developers, and preservation enthusiasts with this locally protected historic mansion located in the heart of Syracuse, NY. Last utilized as office space, this grand structure is zoned MX-1, which allows for a flexible mix of residential and commercial uses—opening the door to a wide range of redevelopment possibilities, from boutique offices or luxury apartments to live/work spaces or community-use facilities.
The property holds significant architectural and historical value but is in need of substantial renovation, including remediation of water damage and full interior rehabilitation. Depending on your intended use, the estimated renovation costs range between $500,000 and $1,000,000. As such, this property is being sold as-is, without any warranties or representations.
Key Requirements & Details:
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$150,000 bank statement is required to schedule a showing.
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Interested buyers must submit an itemized scope of work along with proof of funds covering both purchase and renovation costs.
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A Change of Occupancy will require architectural floor plans submitted to the City of Syracuse.
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Property may qualify for the DRI Facade Improvement Program, offering potential financial incentives for qualified projects.
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Community outreach may be necessary depending on the proposed future use.
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The structure is part of a local preservation initiative and must comply with relevant guidelines.
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Property purchase requires submission of both a Property Purchase Application and Contract to Purchase available on the seller’s website.
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Completed offers must be submitted no later than the first Tuesday of each month to be considered at the Board of Directors Meeting, typically held on the third Tuesday. Confirm specific meeting dates in advance.
This property is ideal for a visionary developer prepared to honor its historic integrity while transforming it into a vibrant, functional space that aligns with the city’s urban revitalization goals.
Serious inquiries only. Don’t miss the chance to bring this historic gem back to life and contribute meaningfully to the cultural and architectural landscape of Syracuse.
From Zillow
