285 Genesee St Utica, NY 13501-3855
- Investment properties
- 4,327 SF
- 0.45 lot acres
Current Use by Public Records
- Stephen L. Lockwood, Esq. / Attorney
- J. Martoccia Diamond Buyers / Diamond Buyer / Jewelry Appraiser
- Redemption Tattoo Company / Tattoo Shop
- Nurturing Center Family / Social Services Organization
- Utica Teacher's Association / Association / Organization
Property Details for 285 Genesee St
- Year built
- 1950
- Lot size
- 0.45 lot acres
- Property size
- 4,327 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 301600 318.57-2-48
- APU
- 30160031857248
Description
This exceptional Class A office space, located at 285 Genesee St in Utica, NY 13502, offers 1,069 square feet of renovated space within a larger 5,900 square foot building. The property, built in 1950 and extensively renovated in 2024, features a desirable blend of traditional and modern aesthetics, boasting 9-11 foot ceilings and ample natural light. The building comprises three stories and includes ten suites, with a minimum divisible space of 300 square feet and a maximum contiguous space of 542 square feet. The property benefits from a convenient location near Wynn Hospital, the Stanley Theater, and the new Artist Lofts, ensuring high visibility and accessibility. A significant advantage is the inclusion of 21 on-site parking spaces, a rare amenity in downtown Utica, complemented by attractive landscaping. The building is zoned for commercial use and offers build-to-suit options for long-term tenants, including lease coverage of buildout costs, utilities, garbage removal, internet access, and private amenities. This presents a unique opportunity for businesses seeking a modern, well-equipped space in a thriving downtown area, with the potential to customize the layout to perfectly suit individual needs. One suite even includes a private bathroom. Exterior signage opportunities are also available to enhance business visibility. This is an ideal location for a variety of businesses, including but not limited to, professional services, technology firms, and small call centers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $85,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $80,000
- 6.5%
- $80,000
- 7%
- $75,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $85,000
- Geo Method
- $65,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $65,000
- Retail
- $75,000
- Mixed-Use
- $70,000
- Hospitality
- $60,000
- Educational
- $80,000
- Residential Income
- $60,000
- Energy
- $75,000
- Income-Based Land
- $70,000
- Food Service
- $75,000
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Oneida
- State
- New York
- Longitude
- -75.2373
- Latitude
- 43.0977
- CBSA code
- 46540
- CBSA name
- UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
