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Investment Highlights

  • Redevelopment Opportunity With Existing Income
  • High Traffic
  • McDonald's NNN Ground Lease

Executive Summary

McDonald's ground lease at 1700 Genesee Street (3,656+/- SF), 1724 Genesee Street, former/vacant bowling alley (34,802+/- SF on 3.3 acres) and an additional 1.31 acres of vacant land on the corner of Sunset and Shepard Place. McDonald's lease commencement was in 1999 and they are currently in their 2nd of 4 five (5) year renewal options. Bowling alley and vacant land are well positioned for redevelopment. Please contact the listing brokers with questions.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bowling Alley
Building Size
38,458 SF
Building Class
C
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
5.72 AC
Zoning
UMU - Urban Mixed Use
Parking
250 Spaces (6.5 Spaces per 1,000 SF Leased)
Frontage
269’ on Genesee St

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • McDonald's
  • Accommodation and Food Services
  • 3,656 SF
  • -
  • Triple Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
McDonald's Accommodation and Food Services 3,656 SF - Triple Net -
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Price Chopper
Friendly's Ice Cream Shop

Property Taxes

Property Taxes

Parcel Number
318-078-0001-030-000-0000
Land Assessment
$144,000
Improvements Assessment
$298,000
Total Assessment
$442,000
  • Listing ID: 39969083

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 1724 Genesee St, Utica, NY 13502

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