515 Broad StUtica, NY 13501

Property Details for 515 Broad St

Year built

1972

Lot size

1.85 AC

Property size (Sq ft)

3,000 SF

Property type

Auto shops

APN

301600 319.9-1-11

APU

3016003199111

Description

This exceptional 3,000-square-foot free-standing retail building presents a remarkable opportunity in Utica, New York. Situated on a prominent 1.18-acre corner lot at the intersection of East Oriskany Street and Broad Street, this property boasts unparalleled visibility and convenient access. The building is currently vacant and offers a blank canvas for a variety of retail or office uses. The property's Urban Mixed Use (UMU) zoning designation allows for a wide range of permitted development options, providing flexibility for potential tenants. The expansive lot size provides ample space for parking and potential expansion. Located in Oneida County, this property benefits from a strategic location within a thriving community. The annual lease price is $52,000, NNN. This is an ideal opportunity for businesses seeking high visibility and a strong presence in a desirable Utica location. The property's size and zoning make it suitable for a variety of commercial ventures. Don't miss this chance to secure a prime commercial space in a vibrant and growing area. The address is 515 Broad Street, Utica, NY 13501.

• CAP approach

  CAP return

  Valuation

  6%

  $1,095,512

  6.5%

  $1,011,242

  7%

  $939,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $994,429

  Geo Method

  $987,790

• Alternative Use

  Use

  Valuation

  Residential

  $853,021

  Hospitality

  $781,362

  Educational

  $650,084

  Medical

  $672,442

  Retail

  $1,011,242

Location Insight

City

Utica

County

Oneida

State

New York

Latitude

43.1022

Longitude

-75.2201

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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