Turn-Key Restaurant and Apartment
For Sale
$1,199,000
640 Varick Street, Utica, NY 13502
Four-story brick building includes an operating pizzeria and lounge plus space for apartments after renovations.
Property Size24,200 SF
Price / SF$49.55
Days on Market72
Property Features for 640 Varick Street
General Information
Standard status
Active
Size
24,200 SF
Property subtype
General Commercial
Building Details
Year Built
1970
Listing Agency:
Keller-Williams Mohawk Valley
(315) 335-7938
Listed By:
Thomas Karrat · License #10401388394
(315) 335-7938
Source:
Xome
Added: May 20
Changed: Jul 10
Last Checked: Jul 30 at 9:50AM
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 Keller-Williams Mohawk Valley
Investment Insights
Based on property information with market context.
This four-story brick commercial building includes a turn-key, operating business currently operating as Lukins brick oven pizzeria and lounge. The business operates on the first floor (about 5,000 square feet) within a total building size of about 20,000 square feet. The layout includes a pizzeria seating area separate from an attached restaurant/bar area with a 50+ foot main bar made of concrete, plus a full stage for live music acts and access to an outdoor deck and bar area with a full bar outside. Onsite paved parking is included, along with a 25-foot security light pole and 24 security cameras located inside and out.
The property is in the Scenic and Historic district of downtown Utica. The current concept features live music, pizza, wings, and a late-night menu, and it supports private parties and special events through the indoor stage and outdoor deck/bar space.
For buyers or operators seeking a restaurant/bar opportunity with an established, ongoing operation, the property is presented turn-key with recent building improvements tied to a total renovation, including new storefronts, 300 amp electrical, plumbing, standard and handicap bathrooms, HVAC, and operating equipment. For a second-phase plan, the second, third, and fourth floors are described as having potential for twelve apartments, contingent on completing renovations.
The property is in the Scenic and Historic district of downtown Utica. The current concept features live music, pizza, wings, and a late-night menu, and it supports private parties and special events through the indoor stage and outdoor deck/bar space.
For buyers or operators seeking a restaurant/bar opportunity with an established, ongoing operation, the property is presented turn-key with recent building improvements tied to a total renovation, including new storefronts, 300 amp electrical, plumbing, standard and handicap bathrooms, HVAC, and operating equipment. For a second-phase plan, the second, third, and fourth floors are described as having potential for twelve apartments, contingent on completing renovations.
Key Highlights
- Four‑story 20,000 SF brick building in downtown Utica with an operating pizzeria and lounge (business on the 1st floor).
- First‑floor business includes 5,000 SF with pizzeria seating plus an attached restaurant/bar area featuring a 50+ ft concrete main bar.
- Second, third, and fourth floors have potential for up to 12 apartments after completing renovations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Dunkin' Donuts
Dining
12,006 visits/mo
0.3 miles
NBT Bank
Shops & Services
5,079 visits/mo
0.5 miles
Dunkin' Donuts
Dining
4,921 visits/mo
0.5 miles
Family Dollar
Shops & Services
3,860 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Four-story brick building includes an operating pizzeria and lounge plus space for apartments after renovations.
Where is this conventional restaurant located?
The property is located at 640 Varick Street Utica, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four‑story 20,000 SF brick building in downtown Utica with an operating pizzeria and lounge (business on the 1st floor).; First‑floor business includes 5,000 SF with pizzeria seating plus an attached restaurant/bar area featuring a 50+ ft concrete main bar.; Second, third, and fourth floors have potential for up to 12 apartments after completing renovations.
