Syracuse Free Standing Retail/Flex Space

421 S Huntington St, Syracuse, IN 46567

$250,000 Retail, Mixed Use For Sale

$7.50/SF/Yr NNN Retail, Mixed Use For Lease

Sturges Property Group - Retail or Flex Space for Lease in Syracuse Indiana

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Sale Price
$250,000
Lease Price
$7.50/SF/Yr NNN
Year Built
1958
Building Size
5,090 SF
Lease Term
Negotiable
Date Available
Immediate
Price
Recently Reduced
Property Type
Retail, Mixed Use

Highlights

Unique opportunity to create mixed use development with potential to combine commercial and residential spaces
Paved surface parking available at the front of building
Rare Value-Add opportunity to renovate and reposition asset with considerable upside potential
Located close to numerous major employers

Overview

Syracuse Free Standing Retail/Flex Space is a concrete block building built in 1958 with 3,713 SF on the first floor and 1,377 SF of space in the basement. The front portion of the building consists of 1,988 SF of retail space that includes a former living space. The rear portion of the building includes 1,725 SF of flex space that could be used for a warehouse or light industrial and features an overhead door. The property features include blade signage and visibility from Indiana SR 13 with 30+ SF of frontage and front door parking.

Syracuse is home to a diverse group of industries including multiple manufacturing, fabrication, and production facilities (boat, rubber, circuit board, RV plastics, metal, and horse trailer). The town has a population of 3,079 and is known for its narrow tree-lined streets and high standard of living, which includes desirable housing, warm neighborhoods, a strong commitment to schools, a low crime rate, and easy access to Fort Wayne and Chicago.