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Property profile & analytics
OFF-MARKET
Office Spaces

2194 State Route 5 Utica, NY 13502

2,520 SF 0.78 ac lot Built 1990
Property ID
Property summary
AI-generated overview

This exceptional 2,520 square foot office building in Utica, NY, presents a fantastic investment opportunity. Located on State Route 5, it boasts high traffic counts and excellent visibility, ideal for a variety of businesses. The main level features a spacious open office area, three private offices, a kitchenette, and a full bathroom. The lower level, currently used for storage, offers significant potential for expansion, with both interior and exterior access points. This versatile space could easily accommodate additional offices or be adapted to suit other business needs. The property also includes a substantial 0.78-acre lot with a large backyard, providing ample space for additional parking or future building projects. A 1216 square foot barn/quonset hut is currently used for storage of building supplies and equipment. Its strategic location near numerous amenities and the Thruway ensures easy access and high convenience. This property is perfectly suited for a wide range of businesses, including retail shops, auto dealerships, bakeries, landscaping services, or consulting offices. Don't miss this chance to secure a thriving business location in a high-demand area. The asking price is $249,900.

Property profile
Verified
Property type Office Spaces
Year built 1990
Total area 2,520 SF
Lot 0.78 ac (33,977 SF)
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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