2639 Genesee StUtica, NY 13501

Property Details for 2639 Genesee St

Year built

1973

Lot size

0.60 AC

Property size (Sq ft)

776 SF

Property type

Gas stations

APN

301600 329.15-6-2

APU

3016003291562

Description

This 555-square-foot vacant storefront, located at 2639 Genesee St in Utica, NY 13501, presents a unique investment opportunity. The property, built in 1973, is classified as a Class C retail storefront and sits on a 0.6-acre lot. The building features 15 parking spaces and is zoned for neighborhood mixed use. Previously a gas station, the underground tanks will be removed, and the deed will restrict the sale of gas and convenience items. This ensures a diverse range of potential uses for the property. The asking price is $650,000, translating to $1,171.17 per square foot. The property is currently vacant, offering immediate occupancy. Its strategic location on Genesee Street provides excellent visibility and accessibility, with nearby businesses including Stewart's, Adirondack Bank, GPO Federal Credit Union, and Utica Tel Credit Union. The single-story building offers 555 square feet of net rentable space. This property is ideal for entrepreneurs seeking a high-traffic location to establish their business. The 0.00% cap rate reflects the unique nature of this vacant property and its potential for future development.

• CAP approach

  CAP return

  Valuation

  6%

  $283,373

  6.5%

  $261,575

  7%

  $242,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $257,226

  Geo Method

  $255,508

• Alternative Use

  Use

  Valuation

  Residential

  $220,648

  Hospitality

  $202,112

  Educational

  $168,155

  Medical

  $173,938

  Retail

  $261,575

Location Insight

City

Utica

County

Oneida

State

New York

Latitude

43.0769

Longitude

-75.2798

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].