Historic Bar and
For Sale
Contact for pricing
1692 Bennett St, Utica, NY 13502
Full-service bar and dining with billiards, dance floor, and outdoor seating, plus on-site parking.
Property Size4,072 SF
Price / SF$239.44
Days on Market858
Property Features for 1692 Bennett St
General Information
Standard status
Active
Size
4,072 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
full bar
seating
billiards
dance floor
outdoor seating
gas fireplace
fully equipped kitchen
cathedral ceilings
on site parking
Listing Agency:
Pavia Real Estate Services
(315) 736-1555
Listed By:
John N. Jweid · License #10301208997
(315) 269-4081
Source:
Moodyscre
Added: May 7, 2024
Changed: Aug 17
Last Checked: Sep 10 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pavia Real Estate Services
Investment Insights
Based on property information with market context.
This historic Finger Bullet property operates as a full bar and restaurant, with seating, billiards, and a dance floor. Interior features include cathedral ceilings with unique décor and a gas fireplace. The space is fully equipped with a kitchen and includes outdoor seating to expand usable capacity.
The property offers on-site parking and is located adjacent to Faxton Hospital and Donovan Stadium at Murnane Field.
Two two-family homes can be purchased with the sale of the Finger Bullet for an additional amount, and they are not sold separately.
The property offers on-site parking and is located adjacent to Faxton Hospital and Donovan Stadium at Murnane Field.
Two two-family homes can be purchased with the sale of the Finger Bullet for an additional amount, and they are not sold separately.
Key Highlights
- Historic Finger Bullet includes a full bar with seating, billiards, and a dance floor
- Outdoor seating plus a gas fireplace
- Fully equipped kitchen and unique decor with cathedral ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,902
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,040
$938.0K
Cap Rate 7%
$670,029
$670.0K
Cap Rate 9%
$521,133
$521.1K
Market Conditions
NOI Build-Up for 4,072 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.0K $16.20/SF
− Vacancy
−$3.4K −$0.84/SF
EGI
$62.5K $15.36/SF
− OpEx
−$15.6K −$3.84/SF
NOI
$46.9K $11.52/SF
Area
Oneida County, NY
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,040
Cap Rate 7%
$670,029
Cap Rate 9%
$521,133
Alternative Uses
Best Use
Specialty Retail
$670.0K
$586.3K – $781.7K
NOI $46,902 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$938.9K – $1.25M
NOI $75,114 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 30%
Electronics 2%
Home Improvements & Furnishings 2%
McDonald's
Dining
20,163 visits/mo
0.2 miles
Arby's
Dining
9,526 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,008 visits/mo
0.3 miles
AutoZone
Shops & Services
3,855 visits/mo
0.2 miles
Mavis Discount Tire
Shops & Services
2,382 visits/mo
0.3 miles
Demographics for 13502, NY
33,990
Population
15,337
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
51.4 sq mi
ZIP Area
661
Density / Sq Mi
$59,530
Median Household Income
$36,927
Median Earnings
$965
Median Rent
$149,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Green Onion Pub — 2018 Genesee St, Utica, NY 13502
- The Auburn — 14 Auburn Ave, Utica, NY 13501
- AMF — 1724 genesee st, utica, ny 13502
- Finger Bullet — 1692 Bennett St, Utica, NY 13502
- Ra'Ge' Lounge — 1426 Lenox Ave, Utica, NY 13502
Frequently Asked Questions
What type of property is this?
Bar & Pub - Full-service bar and dining with billiards, dance floor, and outdoor seating, plus on-site parking.
Where is this bar & pub located?
The property is located at 1692 Bennett St Utica, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Historic Finger Bullet includes a full bar with seating, billiards, and a dance floor; Outdoor seating plus a gas fireplace; Fully equipped kitchen and unique decor with cathedral ceilings
