2194 State Route 5 Utica, NY 13502
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.