5625 Horatio St Utica, NY 13502

Property Details for 5625 Horatio St

Lot size

50.00 lot acres

Property size

6,500 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional 50-acre development opportunity is located in Utica, NY, at 5625 Horatio St, offering unparalleled visibility and access. Situated near SUNYIT and the Marcy Nanocenter, this commercially zoned vacant land presents a unique redevelopment investment. A preliminary site plan suggests the potential for a diverse range of uses, including approximately 7.7 acres for student housing, a six-story hotel encompassing 84,600 square feet with 137 rooms and three conference rooms, two 20,000-square-foot retail buildings, two 6,500-square-foot restaurants, a 3,220-square-foot bank, and a two-story 40,000-square-foot office building with a 4,600-square-foot convenience store outparcel. The property boasts convenient access to I-790, enhancing its appeal to a wide range of potential developers. The site's location between Bank of America and the road leading to SUNYIT ensures high traffic visibility. This is a NNN lease type property, currently vacant, and available for sale or ground lease. The total buildable square footage ranges from 6,500 to 84,600 square feet, spread across six potential buildings. This is a truly remarkable opportunity to capitalize on the growing demand in this vibrant area. The property is zoned for commercial use.