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Property profile & analytics
FOR SALE
Investment properties

226 Genesee St Utica, NY 13502

5,950 SF 0.05 ac lot Built 1950
Individually Owned 10-yr Hold Free & Clear
Property ID
US63-3665350
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Total area 5,950 SF
Lot 0.05 ac (2,200 SF)
APN 301600 318.50-2-11
UPID US63-3665350
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Griffin's Pub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael Griffin · 10 yrs held
Michael Griffin
since 2015
2 recorded transactions
2015
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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