- Rare student housing opportunity zone development
- Property is being re-zoned to MX-4
- Approximately 80,000 buildable sq ft with new zoning
- Potential to build up to 84 ft high
- Ideally located just two blocks north of Syracuse University
- Potential Uses Include: Student Housing, Mixed-Use, Multi-Family & Retail
Triad Real Estate Partners & Rittenhouse Realty have been retained on an exclusive basis for the sale of a Qualified Opportunity Zone development site at 411-413 University Avenue in Syracuse, New York.
The subject property is being rezoned MX-4 (pending) in a citywide rezone with approximately 80,000 buildable square feet. The property is ideally positioned just two blocks north of the Syracuse University with pedestrian access to downtown, major hospitals, and several major bus lines. Potential uses include student housing, mixed use, multi family, hotel and retail.
Disclaimer: Triad Real Estate Partners is co-listing this asset with Rittenhouse Realty Advisors, who is a licensed Broker of Record in The State of New York – License #10491207562
Total enrollment at Syracuse for the 2018-19 academic year (AY) was a record high 22,803. In fact, total enrollment has increased for each of the past 10 fall semesters, growing by an annual average of 1.68%. While many universities have experienced shrinking international student interest and enrollment, Syracuse has managed to continue to grow its global reach and reputation. International student enrollment increased by 3.56% in fall 2018, and the 4,366 students account 19.15% of the entire campus.
The Orange, as Syracuse’s athletic teams are known, have tallied 28 national championships - 14 of them in men’s lacrosse. In 2003, under longtime head coach Jim Boeheim, the men’s basketball team won the NCAA Championship.