1155 Mohawk St - Storefront FOR SALE


Utica, NY 13501- East Utica
$1,500,000 USD
718-753-3370
1155 Mohawk St, Utica, NY for Sale
$1,500,000 USD
Storefront - FOR SALE
1/12
null | 7.41% Cap Rate

1155 Mohawk St
Utica, NY 13501
East Utica


HIGHLIGHTS

  • Situated on a high-traffic corridor in East Utica, this 14,560 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.
  • Immediate cash flow with value-add potential through 3 vacant units.

OVERVIEW

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 sits on approximately 1.5 acres and features 10 commercial units currently occupied by a diversified mix of retail, restaurant, and professional office tenants, with 3 vacancies 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kay Music Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Day Care Center, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 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

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

Alyssa MartinLockbox RealtyMore Info
718-753-3370

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