2389 State Route 5 - Apartments FOR SALE


Utica, NY 13502
$1,300,000 USD
315-796-3533
2389 State Route 5, Utica, NY for Sale
$1,300,000 USD
Apartments - FOR SALE
1/8
null | 10.34% Cap Rate

2389 State Route 5
Utica, NY 13502


OVERVIEW

Rare mixed-use property now available in Schuyler! This income-producing property includes the well-known Papa Charlie’s Country Barbeque & Ice Cream along with 14 apartment units, all situated on approximately 2 acres in a prime location along State Route 5. This property offers multiple streams of income with a fully operational restaurant and residential units already in place — making it an ideal opportunity for investors or owner-operators looking to step into an established business. The restaurant is currently owner-operated and has built a strong local presence, while the apartments provide consistent rental income. Whether you’re looking to expand your portfolio or run your own business while generating passive income, this property checks all the boxes.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

14

PRICE/UNIT

$92,857

CAP RATE

10.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Papa Charlie’s BBQ & 14 Efficiency Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

CH

APN/PARCEL ID

214800-104-002-0002-005-100-0000

ASK ABOUT THIS PROPERTY

Sheila BeachThe Beach Real Estate Team LLCMore Info
315-796-3533

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Sheila BeachThe Beach Real Estate Team LLCMore Info
315-796-3533

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