508 Westcott Street

Restaurant Space – Ideal for Wine Bar / Tapas Concept OPPORTUNITY: Position your concept in the heart of Syracuse’s most walkable and established neighborhood dining district. 508 Westcott Street offers a rare opportunity to introduce a wine-forward, small plates, or cocktail-driven concept in a location currently lacking a dedicated pre/post-dinner social destination. THE SPACE: Former restaurant (existing infrastructure in place), Highly visible storefront on Westcott Street, Surrounded by dense residential + student population, Steps from Westcott Theater and neighborhood anchors, Strong pedestrian traffic day and night. LEASE TERMS Rent: $15.00/SF Structure: As-is lease Requirements: Executed lease, Concept plan, Financials IDEAL USE (CURATED OPPORTUNITY): Ownership is seeking a concept that enhances—not duplicates—the existing district. Strongly Preferred: Wine bar, Tapas / small plates, Cocktail lounge, Dessert + beverage hybrid Positioning: A destination for pre-dinner, post-dinner, and evening social traffic WHY THIS LOCATION WORKS: Established Dining Corridor Westcott is already home to a diverse mix of restaurants, including: Italian (upscale dining), Mexican, Indian, Chinese, Korean, Mediterranean, Pizza, diners, coffee. Built-In Demand: Dense Syracuse University population, Graduate students + young professionals, Theater and nightlife traffic, Walkable neighborhood with strong local identity Clear Market Gap: No dedicated wine/tapas concept, Limited evening social venues, No strong pre/post-dinner destination ?? This space is uniquely positioned to fill that gap STRATEGIC ADVANTAGE: Unlike traditional restaurant opportunities, this location is best suited for a concept that: Complements existing operators rather than competes, Captures incremental traffic (before and after meals), Creates a social anchor for the neighborhood Ideal Use: Ownership will prioritize concepts that are beverage-forward and not entrée-dominant.