Log In/Sign Up
Your email has been sent.
Papa Charlie’s BBQ & 14 Efficiency Apartments 2389 State Route 5 14 Unit Apartment Building $1,300,000 ($92,857/Unit) 10.34% Cap Rate Utica, NY 13502
Executive Summary
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.
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $92,857 | Lot Size | 2.00 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| Cap Rate | 10.34% | No. Stories | 1 |
| No. Units | 14 | Year Built/Renovated | 1960/2020 |
| Property Type | Multifamily | Parking Ratio | 1.82/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | CH | ||
| Price | $1,300,000 |
| Price Per Unit | $92,857 |
| Sale Type | Investment |
| Cap Rate | 10.34% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 11,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2020 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | CH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 650 - 750 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 214800-104-002-0002-005-100-0000 | Improvements Assessment | $405,000 |
| Land Assessment | $275,000 | Total Assessment | $680,000 |
Property Taxes
Parcel Number
214800-104-002-0002-005-100-0000
Land Assessment
$275,000
Improvements Assessment
$405,000
Total Assessment
$680,000
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Papa Charlie’s BBQ & 14 Efficiency Apartments | 2389 State Route 5