Historic Bar and
1692 Bennett St Utica, NY 13502
For Sale
Contact for pricing
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 Market811
Property Features for 1692 Bennett St
General Information
- Standard status
- Active
- Size
- 4,072 SF
- Property subtype
- RETAIL
Listing Agency:
Pavia Real Estate Services
(315) 736-1555
Listed By:
John N. Jweid · License #10301208997
Source:
Moodyscre
Added: May 7, 2024
Changed: Jul 23
Last Checked: Jul 23 at 12:58AM
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.0k | $16.20 |
| − Vacancy | −$3.4k | −$0.84 |
| EGI | $62.5k | $15.36 |
| − OpEx | −$15.6k | −$3.84 |
| NOI | $46.9k | $11.52 |
4,072 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cardtronics ATM
Atm
Finger Bullet
Bar & Pub
Similar Off Market Nearby
- AMF — 1724 genesee st, utica, ny 13502
- Ra'Ge' Lounge — 1426 Lenox Ave, Utica, NY 13502
- The Green Onion Pub — 2018 Genesee St, Utica, NY 13502
- The Auburn — 14 Auburn Ave, Utica, NY 13501
- Finger Bullet — 1692 Bennett St, Utica, NY 13502
FAQs
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
