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Four-Story Brick Restaurant
For Sale
$1,199,000

640 Varick St, Utica, NY 13502

Operating pizzeria and lounge with live entertainment, outdoor bar service, and event-oriented dining areas.

Property Size24,200 SF
Price / SF$49.55
Days on Market45

Property Features for 640 Varick St

General Information

Standard status Active
Size 24,200 SF

Restaurant

Patio Yes
Equipment Included Yes

Additional Details

Business Included Yes
Utilities to Site Yes

Amenities

paved parking lot
security light pole
security cameras
stage

Building Details

Year Built 1970
Buildings 1
Stories 4
Construction brick
Abandoned No
Listing Agency: Keller-Williams Mohawk Valley
Listed By: Thomas Karrat · License #10401388394
Source: Skinnercnyrealty
Added: Jul 16 Changed: Aug 28 Last Checked: Aug 28 at 9:08PM

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 restaurant property includes the operating Lukins brick oven pizzeria and lounge on the first floor, with approximately 5,000 square feet devoted to the current business. The layout includes separate pizzeria seating, a restaurant and bar area, a concrete main bar extending more than 50 feet, a live-performance stage, and access to an outdoor deck with a second bar. The business has operated for over 12 years.

The property is located at 640 Varick Street in downtown Utica’s Scenic and Historic district and includes a paved parking lot. Security improvements include a 25 foot light pole and 24 cameras positioned inside and outside the building. Recent renovation work included storefronts, 300 amp electrical service, plumbing, standard and handicap bathrooms, HVAC, and operating equipment. The second, third, and fourth floors offer potential for 12 apartments after renovation.

Key Highlights

  • Four‑story brick restaurant property in downtown Utica’s Scenic and Historic district
  • Operating Lukins brick oven pizzeria and lounge with over 12 years of operation
  • First‑floor business occupies 5,000 square feet

Property Analytics

Current Use

Lukins Brick Oven ... Restaurant

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Skin Care Clinic Storage Facility Veterinary Clinic Nail Salon

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

Turnkey business
Opportunity
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,143
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use

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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating pizzeria and lounge with live entertainment, outdoor bar service, and event-oriented dining areas.
Where is this conventional restaurant located?
The property is located at 640 Varick St 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 brick restaurant property in downtown Utica’s Scenic and Historic district; Operating Lukins brick oven pizzeria and lounge with over 12 years of operation; First‑floor business occupies 5,000 square feet
More about this property
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