Renovated Auto Shop with Two
For Sale
$220,000
2164 Broad St, Utica, NY 13501
Renovated commercial shop includes office, bathroom, equipment, and vehicle-accessible garage doors.
Property Size1,120 SF
Price / SF$196.43
Days on Market80
Property Features for 2164 Broad St
General Information
Standard status
Active
Size
1,120 SF
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Service Bays
2
Amenities
car lifts
spot heaters
compressor
washer and dryer
oil-change canister
shelves
storage cabinet
bathroom
office space
TV
table
chair
public water and sewer
CB electric boxes
RBM roof
water heater
furnace
oversized driveway
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Coldwell Banker Faith Properties
Listed By:
Elzbieta Pawlowski · License #10401302245
(315) 272-9525
Source:
Skinnercnyrealty
Added: Jul 26
Changed: Oct 10
Last Checked: Oct 7 at 2:44PM
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.
Located at 2164 Broad Street in Utica, this 1,120-square-foot auto shop was built in 1955 and has undergone extensive renovation. Improvements include stucco siding, windows, lighting, an entry door, interior paint, and a solid concrete floor. The five-room layout incorporates office space, a bathroom, storage, and work areas. Existing equipment includes two car lifts, two spot heaters, a compressor, washer and dryer, an oil-change canister, shelving, and a storage cabinet.
Two 12×10 garage doors accommodate vehicle access, with a separate side entrance. The property is served by public water and sewer and includes two CB electric boxes, a water heater, and a furnace. The RBM roof is 8 years old. Outside, a recently resurfaced oversized driveway provides space for parking, vehicle storage, and shop circulation. An additional 0.12-acre commercial lot next door is included.
Two 12×10 garage doors accommodate vehicle access, with a separate side entrance. The property is served by public water and sewer and includes two CB electric boxes, a water heater, and a furnace. The RBM roof is 8 years old. Outside, a recently resurfaced oversized driveway provides space for parking, vehicle storage, and shop circulation. An additional 0.12-acre commercial lot next door is included.
Key Highlights
- 1,120 SF auto shop on a 0.12‑acre commercial lot
- Five‑room layout with office space, bathroom, storage, and work areas
- Two car lifts, two spot heaters, compressor, washer and dryer, and oil‑change canister
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,266
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,320
$225.3K
Cap Rate 7%
$160,943
$160.9K
Cap Rate 9%
$125,178
$125.2K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$16.8K $15.00/SF
− Vacancy
−$706 −$0.63/SF
EGI
$16.1K $14.37/SF
− OpEx
−$4.8K −$4.31/SF
NOI
$11.3K $10.06/SF
Area
Oneida County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,320
Cap Rate 7%
$160,943
Cap Rate 9%
$125,178
Alternative Uses
Best Use
Retail
$160.9K
$140.8K – $187.8K
NOI $11,266 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$99.0K
$86.6K – $115.5K
NOI $6,927 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$295.1K
$258.3K – $344.3K
NOI $20,660 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- WORLDWIDE AUTO & PARTS — 2323 Bleecker St, Utica, NY 13501
- Rob's Auto Repair — 2269 Bleecker St, Utica, NY 13501
- Utica Towing NY — 2404 Broad St, Frankfort, NY 13340
- Syracuse Radiator Repair Co — 167 Taft Ave, Frankfort, NY 13340
- Ram Collision Inc — 104 Zoar Ave, Frankfort, NY 13340
Frequently Asked Questions
What type of property is this?
Auto shop - Renovated commercial shop includes office, bathroom, equipment, and vehicle-accessible garage doors.
Where is this auto shop located?
The property is located at 2164 Broad St 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: 1,120 SF auto shop on a 0.12‑acre commercial lot; Five‑room layout with office space, bathroom, storage, and work areas; Two car lifts, two spot heaters, compressor, washer and dryer, and oil‑change canister
