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    103 Utica St Hamilton, NY 13346

    For Sale
    $3,244,000

    Retail property with strong sales and proximity to Colgate University.

    Property size:
    11,550 SF
    Lot size:
    2.27 Acres

    Property Features for 103 Utica St

    General Information

    Size
    11,550 SF
    Lot size
    2.27 Acres

    Source: NNN Pro Group Agent Cassandra Mosser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property Near Colgate University

    This retail property is located 0.8 miles from Colgate University, which has an enrollment of 3,200 students. The property benefits from its location on Utica Street, which sees over 8,500 vehicles daily. The property is also located 1.5 miles from Community Memorial Hospital, which has 25 beds and provides a range of medical services. The lease is guaranteed by Kinney Drugs, a chain of 100 units located throughout New York and Vermont. The average household income is over $94,000 within a three-mile radius of the property. The property has 11,550 square feet. 2023 sales were just under 10M and Kinney pays percentage rent.
    Insight Report Location Intelligence

    Current Use by Public Records

    Melanie E. Martin, ... Pharmacy Kinney Drugs Drug Store Western Union Money Transfer Service Kinney Drugs Pharmacy Pharmacy Kinney Drugs #68 Medical Laboratory

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Melanie E. Martin, RPH, Naturopathic Resources, Kinney Drugs Pharmacy, Gregory Fuller, Robert Mcgaugh

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Madison
    State
    New York
    Longitude
    -75.5498973
    Latitude
    42.8325203

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    FAQs

    What type of property is this?
    Drug store - Retail property with strong sales and proximity to Colgate University.
    Where is this drug store located?
    The property is located at 103 Utica St Hamilton, NY.
    What is the asking price?
    The asking price for this property is $3,244,000.
    What are key features of this property?
    This property features: - Strong corporate guarantee from Kinney Drugs (100 units); - Very strong store sales (just under $10M in 2023) with percentage rent; - Excellent positioning on Utica Street (8,500+ vehicles daily)
    (332) 345-2408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Utica St Hamilton, NY 13346
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