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$ 1,200,000
Est. payment | /mo
2 Baths
15,000 SqFt
$ 1,200,000
Est. payment | /mo
2 Baths
15,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $80
MLS Listing ID 11816768
Full Baths 1
Half Baths 2
Year Built 1965
Property Description
*UPDATED PRICE & UPDATED CAP RATE. Two units rented for ADDITIONAL NOI of $28,800. One vacant unit remaining (3,600+ sq.ft space).* Kay Music Plaza presents a rare opportunity to acquire a high-income producing, multi-tenant retail property in the heart of East Utica. The 14,560 SF building features 10 commercial units currently occupied by a diversified mix of retail, restaurant, and professional office tenants, with 1 vacancy offering immediate value-add potential. Built in 1965, the property has been well-maintained and updated, including a recoated flat membrane roof (2021), new metal canopy, wet sprinkler system, improved insulation on the roof deck and exterior walls, double-pane windows throughout, and 3-phase electric service. The site offers 90 parking spaces and 87 feet of frontage on Mohawk Street, providing excellent visibility and accessibility. Strategically positioned on a high-traffic retail corridor, the property benefits from strong neighboring anchors including Hannaford, Rite Aid, and Dunkin Donuts. Utica continues to attract significant investment, including the new Wynn Downtown Hospital and the Wolfspeed chip manufacturing facility, supporting long-term demand for commercial space in the area.
Location
State NY
County 36065
Rooms
Dining Room 0
Kitchen 0
Building
Sewer Municipal
Water Municipal
Structure Type Post and Beam
NEARBY SCHOOL & BUSINESS