226 Genesee St Utica, NY 13502
- Investment properties
- 5,950 SF
- 0.05 lot acres
Current Use by Public Records
- Griffin's Pub / Bar
Property Details for 226 Genesee St
- Year built
- 1950
- Lot size
- 0.05 lot acres
- Property size
- 5,950 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 301600 318.50-2-11
- APU
- 30160031850211
Description
This exceptional Class A commercial property, located at 226 Genesee St, Utica, NY 13502, presents a unique investment opportunity. The 8,010 square foot building, constructed in 1950, features a thriving, historic bar and restaurant on the ground floor, boasting original handcrafted Meyda Tiffany lighting and a vintage bar. The property includes three stories, with the upper two floors offering significant untapped potential for residential conversion, creative studios, or other commercial uses. The building sits in a prime downtown location, within walking distance of the Wynn Hospital, Stanley Theatre, Adirondack Bank Center, and Harbor Point development. With a strong NOI of $200,000 and an attractive 24.24% cap rate, this owner-user investment offers a compelling return. The property is zoned commercial and is a single-unit building. This is a rare chance to own a piece of Utica's revitalization. The asking price is $825,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Oneida
- State
- New York
- Longitude
- -75.2332
- Latitude
- 43.1008
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
