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Auto-Body Garage with Two Car Lifts
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For Sale
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2164 Broad Street, Utica, NY 13501

Newly renovated, fully equipped auto-body garage with two car lifts and a consolidated workflow setup.

Property Size1,120 SF
Price / SF$196.43
Days on Market6

Property Features for 2164 Broad Street

General Information

Standard status Active
Size 1,120 SF
Property subtype Special Purpose

Site & Location

Road Access Yes
Outdoor Storage Yes
Utilities to Site Yes

Additional Details

Service Bays 2

Amenities

bathroom
office space
garage doors
driveway

Building Details

Year Built 1955
Buildings 1
Listing Agency: Coldwell Banker Faith Properties
Listed By: Ela Pawlowski · License #NY 10401302245
Source: Crexi
Added: Jul 25 Changed: Jul 30 Last Checked: Jul 30 at 3:54AM

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 Coldwell Banker Faith Properties

Investment Insights

Based on property information with market context.

This fully equipped, newly renovated auto-body garage is set up for day-one shop operations with two car lifts and a practical five-room layout. Interior systems and shop tools are in place, including two spot heaters, a compressor, washer and dryer, an oil-change canister, shelves and storage, plus an office space with TV, table and chair. The building features a solid concrete floor and a bathroom, and includes two 12'10 garage doors with an additional side door for convenient vehicle access.

Significant upgrades were completed, including a new stucco exterior, new windows, new lighting, new door, fresh paint, and public water and sewer. Electrical service includes two CB electric boxes, with a water heater and furnace already in place. The RBM roof is only eight years old.

A newly redone oversized driveway with compact stone supports customer parking and vehicle storage or expanded workflow. An additional 0.12-acre commercial lot next door is included. The property is located at 2164 Broad Street in Utica, New York, and was built in 1955.

Key Highlights

  • Two car lifts plus compressor, washer and dryer, spot heaters, and oil‑change canister
  • Two 12'10 garage doors and an additional side door for flexible vehicle access
  • Five functional rooms including bathroom and office space with TV, table, and chair

Financial Insights For 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 $16.8k $15.00
− Vacancy −$706 −$0.63
EGI $16.1k $14.37
− OpEx −$4.8k −$4.31
NOI $11.3k $10.06
1,120 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$160.9K
$140.8K – $187.8K (±1% cap)
NOI $11,266 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$99.0K
$86.6K – $115.5K (±1% cap)
NOI $6,927 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$295.1K
$258.3K – $344.3K (±1% cap)
NOI $20,660 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom HVAC Service Spa & Massage Center Gym & Fitness Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Service bays
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

146
Businesses Nearby
Well-served
Demand for This Use

Demographics for 13501, NY

40,885
Population
17,071
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
8.8 sq mi
ZIP Area
4,646
Density / Sq Mi
$49,771
Median Household Income
$33,632
Median Earnings
$865
Median Rent
$136,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Rob's Auto Repair — 2269 Bleecker St, Utica, NY 13501
  • Ram Collision Inc — 104 Zoar Ave, Frankfort, NY 13340
  • WORLDWIDE AUTO & PARTS — 2323 Bleecker St, Utica, NY 13501
  • Utica Towing NY — 2404 Broad St, Frankfort, NY 13340
  • Syracuse Radiator Repair Co — 167 Taft Ave, Frankfort, NY 13340

Frequently Asked Questions

What type of property is this?
Auto shop - Newly renovated, fully equipped auto-body garage with two car lifts and a consolidated workflow setup.
Where is this auto shop located?
The property is located at 2164 Broad Street Utica, NY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two car lifts plus compressor, washer and dryer, spot heaters, and oil‑change canister; Two 12'10 garage doors and an additional side door for flexible vehicle access; Five functional rooms including bathroom and office space with TV, table, and chair
More about this property
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