Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    130 Hotel St Utica, NY 13502

    Sponsored
    For Sale
    $2,161,350

    Downtown Utica mixed-use opportunity

    Property size:
    48,447 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a unique chance to transform a 48,447 square foot property situated in Utica, NY's vibrant Bagg's Square District. The property, encompassing two buildings (a five-story main structure and a single-story metal building), sits on a 0.55-acre lot boasting 276 feet of frontage on Hotel Street. The main building features existing passenger/freight elevator shafts and two stairwells, offering flexibility for various uses. The open floor plates lend themselves to creative adaptations, including apartments, hotel rooms, offices, or retail spaces. This prime location benefits from significant recent investments in the area, exceeding $1.642 billion, including the new Wynn Hospital, Utica University Nexus Center, and the Cree/Wolfspeed Silicone Carbide Plant. Further enhancing the property's potential, a planned redevelopment directly across the street will add 70 loft-style apartments and ground-floor retail, creating a dynamic and thriving neighborhood. The asking price for this mixed-use, multifamily, and hospitality investment is $2,161,350, translating to $44.61 per square foot. This is a rare chance to capitalize on the revitalization of downtown Utica.

    Property Features for 130 Hotel St

    General Information

    Property type
    Multifamily properties
    Square Feet
    48,447 SF
    Lot Size
    23,958 SF

    Building Details

    Buildings
    2
    Stories
    5

    HighLights

    • $2,161,350 asking price for a redevelopment opportunity.
    • 48,447 square feet on a 0.55‑acre lot in Utica, NY.
    • Two buildings, one five‑story and one single‑story, totaling 48,447 square feet.
    • $44.61 price per square foot.
    • Located in Utica's Historic Bagg's Square District with 276 feet of frontage on Hotel Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Utica On-Site Truck ... Truck Repair Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.228153716603
    Latitude
    43.104220068376

    Nearby Similar for Sale

    • $299,900
      4,248 SF

      Mixed-Use Building in Prime Location

      Versatile property suitable for medical office, residential, or mixed-use.
      2113 Genesee St, Utica, NY 13501
      View Details
    • $395,000
      4,224 SF

      Utica Multifamily Property for Sale

      Multifamily property in Utica, NY, ideal for residential income.
      3 Hopper St, Utica, NY 13501
      View Details
    • $395,000
      4,224 SF

      Utica Commercial Property for Sale

      Commercial property available in Utica, New York, with 4,224 square feet.
      3 Hopper St, Utica, NY 13501
      View Details
    • $239,900
      Pending

      Utica Retail/Office Opportunity

      2600 SF retail or office space for sale.
      923 Rutger St, Utica, NY 13501
      View Details
    • $949,900
      7,163 SF

      Turnkey Utica Bed & Breakfast

      Magnificent 7,200 sq ft Italianate manse with thriving business.
      1423 Genesee St, Utica, NY 13501
      View Details
    • $575,000
      3,680 SF

      Updated Home with Income Potential

      Updated home with a separate apartment and four-stall garage.
      10494 Miller Rd, Utica, NY 13502
      View Details
    • $379,900
      5,852 SF

      Move-in Ready Utica Office Space

      Office space with amenities and potential for immediate income.
      1660 Champlin Ave, Utica, NY 13413
      View Details
    • $899,900
      4,550 SF

      Commercial Property on Oriskany Street

      Prime commercial property in Utica, NY with high potential.
      1700 Oriskany St W, Utica, NY 13502
      View Details
    • $220,000
      Pending

      Utica Two-Family Home with Garage

      Spacious two-family home on a double lot with a garage.
      1020 Tilden Ave, Utica, NY 13501
      View Details
    • $1,299,000
      24,200 SF

      Four-Story Brick Building with Pizzeria

      Four-story brick building with a pizzeria, bar, and apartment potential.
      650 Varick St, Utica, NY 13502
      View Details
    • $181,000
      1,323 SF

      Utica Multifamily Property with Two Units

      Two-unit property with fresh paint, hardwood floors, and convenient location.
      1004 Champlin Ave, Utica, NY 13502
      View Details
    • $119,900
      Pending

      Utica Specialty Property for Sale

      Specialty property in Utica, NY, with 2372 square feet.
      730 Roberts St, Utica, NY 13502
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Downtown Utica mixed-use opportunity
    Where is this multifamily property located?
    The property is located at 130 Hotel St Utica, NY.
    What is the asking price?
    The asking price for this property is $2,161,350.
    What are key features of this property?
    This property features: $2,161,350 asking price for a redevelopment opportunity.; 48,447 square feet on a 0.55-acre lot in Utica, NY.; Two buildings, one five-story and one single-story, totaling 48,447 square feet.
    Request Owner's contact information
    130 Hotel St Utica, NY 13502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 Hotel St
    Utica, NY 13502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    130 Hotel St Utica, NY 13502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.