1922 US Route 11 presents a unique redevelopment or owner-user opportunity in the Town of
Lafayette, just minutes from Syracuse, along a key north-south corridor. Situated on a newly
subdivided ±0.60-acre parcel with ±4,089 SF of existing building space, the property offers
multiple potential exit strategies—from ground-up residential development to owner-occupied
commercial use or long-term investment.
Located in the R-1 zoning district, the property has conceptual approval from the municipality to
develop between two and four residential units. Upon request, ownership can provide a full
package of deliverables, including survey, engineered site plans, and architectural drawings,
giving developers a head start on the approvals process.
For commercial users, the site offers low-impact use potential via special use permit, making it
suitable for professional office, health services, studio, or similar uses that benefit from a quiet
yet accessible location. A pro forma model (outlined in the marketing package) demonstrates a
potential 10.7% cap rate based on projected rents and modest renovation assumptions—an
uncommon yield in the Onondaga County market.
The property also sits just a few miles from the planned Lafayette Hills Estates & Country Club,
a major master-planned community with nearly 300 homes, a 9-hole golf course, man-made
lakes, and extensive trails. This future development is expected to enhance local demand for
both residential and supporting commercial uses.
An adjacent ±1-acre parcel may be available, subject to negotiation with ownership.
Property Facts:
● Building Area: 4,089 SF
● Land Area: 0.60 AC
● Zoning: R-1 Residential
● Year Built: 1940
● Parking: 23 spaces (approx.)
● Drive-Ins: 2
● Utilities: Propane heat, septic, well water, fluorescent lighting
Highlights:
● Conceptual approval for 2–4 new residential units
● ±4,089 SF flex/showroom building with multiple use paths
● Strong investment upside with a 10.7% pro forma cap rate
● Minutes from future Lafayette Hills resort-style master-planned community
● Flexible potential for owner-user, investor, or builder
● Optional adjacent ±1-acre parcel available