226 Genesee St Utica, NY 13502
For Sale
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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.
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Griffin's Pub Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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
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.