Historic Syracuse Mansion with Mixed-Use Zoning – Major Restoration Opportunity with Incentives
Detailed Description:
An exceptional opportunity awaits developers, investors, and historic preservation advocates with this architecturally significant, locally protected mansion in the heart of Syracuse, NY. Last used as professional office space, the property is zoned MX-1, allowing for a versatile combination of commercial and residential uses—making it ideal for redevelopment as boutique offices, upscale apartments, live/work studios, or even community-centered spaces.
While the structure boasts historical charm and architectural integrity, it requires substantial renovation, including remediation of water damage and full interior restoration. Depending on the intended redevelopment plan, estimated renovation costs range from \$500,000 to \$1,000,000. The property is being sold as-is, with no warranties or representations.
Key Requirements & Details:
$150,000 bank statement required to schedule a showing.
Interested buyers must submit:
Proof of funds covering both the purchase price and estimated renovation costs.
An itemized scope of work detailing the proposed rehabilitation plan.
Change of Occupancy will require submission of architectural floor plans to the City of Syracuse.
The property may qualify for the DRI Façade Improvement Program, which could provide financial incentives for eligible projects.
Community outreach may be necessary, depending on the proposed future use.
The mansion is part of a local preservation initiative and must comply with historic preservation guidelines**.
All buyers must complete and submit:
A Property Purchase Application
A Contract to Purchase, available on the seller’s website.
Offer Submission Deadline:
All complete proposals must be submitted by the first Tuesday of each month to be considered at the Board of Directors meeting, typically held on the third Tuesday. Prospective buyers should confirm exact dates in advance.
This is a rare chance to revive a historic landmark and contribute meaningfully to the ongoing revitalization of Syracuse. The property is best suited for a visionary developer who respects its past while embracing its potential for future impact. Serious inquiries only.
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