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Property profile & analytics
FOR SALE
Office buildings

291 Genesee St Utica, NY 13501

21,982 SF 0.77 ac lot Built 1975
Entity Owned 6-yr Hold Free & Clear
Property ID
US63-2627229
Property summary
AI-generated overview

This exceptional 17,500 square foot office building presents a unique investment opportunity in the heart of Utica's revitalized downtown. Located on Genesee Street, this well-maintained property boasts a highly desirable address, offering excellent visibility and accessibility. The building provides ample parking for 35 vehicles, a significant advantage in a bustling urban setting. Its strategic location allows convenient access from both Park Avenue and Dakin Street, ensuring easy ingress and egress for employees and clients alike. The property is ideally positioned to capitalize on the ongoing resurgence and growth experienced in downtown Utica, making it an attractive prospect for a variety of businesses. The building's substantial size offers flexibility for a single large tenant or the potential for multiple smaller occupants. This is a rare chance to acquire a substantial, well-located office building in a thriving urban core. The property's excellent condition and prime location combine to create a compelling investment opportunity with significant long-term potential. The building's size and parking capacity make it suitable for a wide range of professional uses. Don't miss this chance to own a piece of Utica's vibrant downtown.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 21,982 SF
Lot 0.77 ac (33,561 SF)
APN 301600 318.57-2-45
UPID US63-2627229
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Murad George C Law Firm
  • Murad And Murad,P.C. Law Firm
  • Olivadoti James V Law Firm
  • Eisenbach & Ruhnke Engineering PC Engineering Consultant
  • Pathway Environmental Consulting, LLC Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$561k
Blend (final) Blend
$930k
Owner & transaction history
MICHAEL FITZGERALD & WERF REALTY CO
MICHAEL FITZGERALD & WERF REALTY CO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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