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    FOR LEASE
    Showrooms

    268 Genesee St, Utica, NY 13502

    26,748 SF 0.73 ac lot Built 1975
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US63-5864839
    Property summary
    AI-generated overview

    This exceptional executive office space at 268 Genesee Street in Utica, New York, offers a total of 6,374 square feet currently available for lease. The property is ideally situated near major government buildings, providing convenient access to city, county, and state offices. The building boasts ample on-site parking with approximately 150 spaces available for tenants and their guests. This is a multi-tenant building, offering flexibility for businesses of various sizes. The space is adaptable and can accommodate a wide range of needs, from 5,000 to 40,000 square feet (depending on tenant requirements and building configuration). A significant advantage is the landlord's willingness to build to suit, allowing for customized interior design and layout to perfectly match a tenant's specific operational requirements. The property's location in Utica, NY, zip code 13502, offers a strategic advantage for businesses seeking a central location with easy access to government services and a robust local infrastructure. The entire 6,374 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy portions of the space. This property is an excellent opportunity for businesses seeking a high-quality, well-located office space with significant parking and build-to-suit options.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1975
    Total area 26,748 SF
    Lot 0.73 ac (31,668 SF)
    APN 301600 318.50-1-13
    UPID US63-5864839
    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
    • Nostro Restobar and Lounge Restaurant
    • Joseph Putrello Coffee Barista Bar Cafe & Coffee Shop
    • Alexa Barron Physician
    • Dr. Daniel Zakhary Physician
    • Daniel Reda Zakhary Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.87M
    Blend (final) Blend
    $2.89M
    Owner & transaction history
    268 Genesee St LLC · 7 yrs held
    268 Genesee St LLC
    since 2019
    2 recorded transactions
    2019
    $1.4M
    2008
    $2.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $3.5M +71.8%
    Office building $2.7M +32.4%
    Auto repair, garage $2.0M +0.0%
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    More about this property
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