1155 Mohawk St - Storefront FOR SALE


Utica, NY 13501- East Utica
$1,200,000 USD
718-753-3370
1155 Mohawk St, Utica, NY for Sale
$1,200,000 USD
Storefront - FOR SALE
1/16
null | 9.11% Cap Rate

1155 Mohawk St
Utica, NY 13501
East Utica


HIGHLIGHTS

  • Situated on a high-traffic corridor in East Utica, this 15,543 SF plaza sits on 1.5 acres with 80+ parking spaces and 87 feet of Mohawk St frontage.
  • High-income producing retail asset featuring 10 commercial units with a diversified tenant mix of retail, restaurant, and professional office uses.

OVERVIEW

*UPDATED LISTING INFORMATION* Three suites available for lease-up, including a large space with an existing kitchen suited to food service conversion. Documented rent roll and operating expense history available upon request. 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. Features: Flat membrane roof recoated 2021, updated metal canopy, wet sprinkler system, double-pane windows, insulated roof deck and exterior walls, 3-phase electric, storefront and pylon signage. Highlights: - 15,543 SF commercial plaza situated on approximately 1.5 acres in Utica, NY - 10 commercial spaces, 7 currently leased, with a mix of retail, restaurant, and professional office uses - 9.11% cap rate based on current list price and documented in-place income - Approximately 12.8% projected stabilized yield once the three available suites are leased - 80+ parking spaces offering strong on-site customer and tenant parking - Located near major traffic drivers including Hannaford, Dunkin', Dollar General, Citi Trends, and other national/regional retailers - Property improvements include flat membrane roof re-coating in 2021, updated metal canopy, wet sprinkler system, double-pane windows, insulation under roof deck and exterior walls, and 3-phase electric - Strong visibility and accessibility along the Mohawk Street commercial corridor - Positioned in a growing Utica market benefiting from regional investment, including healthcare and semiconductor/manufacturing expansion - Near-term upside through lease-up of three available suites, including one with an existing kitchen suited to food service conversion Contact Alyssa Martin for additional information.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

9.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kay Music Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Urban Mixed Use

APN/PARCEL ID

318-084-0001-078-000-0000

ASK ABOUT THIS PROPERTY

Alyssa MartinLockbox RealtyMore Info
718-753-3370

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Alyssa MartinLockbox RealtyMore Info
718-753-3370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.