Historic Syracuse Mansion with Mixed-Use Zoning – Restoration Opportunity with Potential Incentives
This locally protected historic mansion in downtown Syracuse, NY, presents a unique opportunity for investors, developers, and preservation enthusiasts. Zoned MX-1, the property allows a mix of residential and commercial uses, supporting a variety of redevelopment options such as boutique offices, apartments, live/work spaces, or community facilities.
The building offers significant architectural and historical value but requires extensive renovation, including water damage repair and full interior restoration. Estimated renovation costs range from $500,000 to $1,000,000. The property is sold as-is, without warranties or representations.
Important Details:
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A $150,000 bank statement is required to schedule a showing.
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Prospective buyers must provide an itemized renovation plan and proof of funds covering purchase and renovation.
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A Change of Occupancy requires architectural floor plans submitted to the City of Syracuse.
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The property may qualify for the DRI Facade Improvement Program, offering possible financial incentives.
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Community outreach could be required depending on future use.
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Compliance with local preservation guidelines is mandatory.
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Purchase requires submitting a Property Purchase Application and Contract, available on the seller’s website.
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Offers must be submitted by the first Tuesday of each month for consideration at the Board of Directors Meeting, usually on the third Tuesday.
This property is suited for a developer committed to preserving its historic character while revitalizing it into a vibrant, usable space that supports Syracuse’s urban development goals.
Serious inquiries are encouraged. This is an opportunity to contribute to the city’s cultural heritage through thoughtful restoration.
From Zillow
