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    2639 Genesee St Utica, NY 13501

    Sponsored
    For Sale
    $650,000

    Vacant storefront, 555 sq ft, high traffic area.

    Property size:
    555 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 555-square-foot vacant storefront, located at 2639 Genesee St in Utica, NY 13501, presents a unique investment opportunity. The property, built in 1973, is classified as a Class C retail storefront and sits on a 0.6-acre lot. The building features 15 parking spaces and is zoned for neighborhood mixed use. Previously a gas station, the underground tanks will be removed, and the deed will restrict the sale of gas and convenience items. This ensures a diverse range of potential uses for the property. The asking price is $650,000, translating to $1,171.17 per square foot. The property is currently vacant, offering immediate occupancy. Its strategic location on Genesee Street provides excellent visibility and accessibility, with nearby businesses including Stewart's, Adirondack Bank, GPO Federal Credit Union, and Utica Tel Credit Union. The single-story building offers 555 square feet of net rentable space. This property is ideal for entrepreneurs seeking a high-traffic location to establish their business. The 0.00% cap rate reflects the unique nature of this vacant property and its potential for future development.

    Property Features for 2639 Genesee St

    General Information

    Property type
    Individual retail properties
    Square Feet
    555 SF
    Class
    C
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $650,000 asking price for a vacant storefront.
    • 555 square feet, Class C retail property.
    • Located at 2639 Genesee St, Utica, NY 13501.
    • 0.6‑acre lot with 15 parking spaces.
    • Neighborhood mixed‑use zoning; deed restricted against gas and convenience sales.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amazon Locker - Silsbee Shipping And Mailing Service Speedway Gas Station Cardtronics ATM Atm LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Oneida
    State
    New York
    Longitude
    -75.280193728809
    Latitude
    43.077049509884

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    FAQs

    What type of property is this?
    Individual retail property - Vacant storefront, 555 sq ft, high traffic area.
    Where is this individual retail property located?
    The property is located at 2639 Genesee St Utica, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price for a vacant storefront.; 555 square feet, Class C retail property.; Located at 2639 Genesee St, Utica, NY 13501.
    Request Owner's contact information
    2639 Genesee St Utica, NY 13501
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    Utica, NY 13501
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    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
    2639 Genesee St Utica, NY 13501
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