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- LoopNet Team
255-257 Genesee St
Utica, NY 13501
Key Bank & Swiftys · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 255-257 GENESEE ST , UTICA, NY 13501
255-257 Genesee Street sits on one of the strongest corners in all of Utica. It has two tenants on the main floor. Swifty's Restaurant has four years remaining in its second lease with two, five year options. Key Bank has had its regional headquarters in the building since 1995. They have four more years on their lease, also with two, five year options. Upstairs is 10,800 square feet of turnkey office space. If occupied, the CAP rate for this building explodes from 5.33% to 12.17%. With the $481.3 million hospital set to break ground just down the street, leasing this upstairs shouldn't be difficult. Parking is another great asset of the building. It boasts a well lit, newly resurfaced parking lot with 42 spots. It has one of the best parking situations nearby. The building shares common walls with the Stanley Theatre. It seats 2,963 and is very active. Other draws that are within walking distance: Adirondack Bank Center - home of the Utica Comets Ice Hockey (AHL) and Utica City Football Club and the Munson Williams Proctor Art Institute.
PROPERTY TAXES
| Parcel Number | 318-050-0001-018-000-0000 | Improvements Assessment | $380,500 |
| Land Assessment | $59,500 | Total Assessment | $440,000 |
PROPERTY TAXES
