291 Genesee St Utica, NY 13501
- Office buildings
- 21,982 SF
- 0.77 lot acres
Current Use by Public Records
- Murad George C / Attorney
- Murad And Murad,P.C. / Employment Attorney / Divorce Lawyer
- Olivadoti James V / Attorney
- Eisenbach & Ruhnke Engineering PC / Engineering Consultant
- Pathway Environmental Consulting, LLC / Environmental Consultant
Property Details for 291 Genesee St
- Year built
- 1975
- Lot size
- 0.77 lot acres
- Property size
- 21,982 SF
- Property type
- Office buildings
- APN
- 301600 318.57-2-45
- APU
- 30160031857245
Description
This exceptional 17,500 square foot office building presents a unique investment opportunity in the heart of Utica's revitalized downtown. Located on Genesee Street, this well-maintained property boasts a highly desirable address, offering excellent visibility and accessibility. The building provides ample parking for 35 vehicles, a significant advantage in a bustling urban setting. Its strategic location allows convenient access from both Park Avenue and Dakin Street, ensuring easy ingress and egress for employees and clients alike. The property is ideally positioned to capitalize on the ongoing resurgence and growth experienced in downtown Utica, making it an attractive prospect for a variety of businesses. The building's substantial size offers flexibility for a single large tenant or the potential for multiple smaller occupants. This is a rare chance to acquire a substantial, well-located office building in a thriving urban core. The property's excellent condition and prime location combine to create a compelling investment opportunity with significant long-term potential. The building's size and parking capacity make it suitable for a wide range of professional uses. Don't miss this chance to own a piece of Utica's vibrant downtown.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $415,000
- 7%
- $465,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $515,000
- Retail
- $405,000
- Mixed-Use
- $410,000
- Hospitality
- $395,000
- Educational
- $370,000
- Residential Income
- $415,000
- Energy
- $405,000
- Income-Based Land
- $485,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Oneida
- State
- New York
- Longitude
- -75.2381
- Latitude
- 43.0974
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA