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905 Albany St 6,516 SF 100% Leased Retail Building Utica, NY 13501 $380,000 ($58.32/SF) 15.98% Cap Rate
Investment Highlights
- corner lot
- 3-4 apartments, restaurant, bar, storage
- private, off-street parking
Executive Summary
?? NEW COMMERCIAL + MIXED-USE LISTING!
?? 901–907 Albany St, Utica
If you’ve been waiting for an opportunity where business potential meets investment income, THIS is the one you’ve been looking for. ?
Welcome to a prime corner-lot property in the heart of Utica, offering a rare blend of commercial space AND residential units—fully equipped, fully functional, and ready for its next owner to take it to the next level.
?? The Commercial Space:
This property features an oversized, working commercial kitchen that has been meticulously maintained—ideal for catering, restaurant service, or your next business vision. The fully operational bar is already in place, and multiple dining rooms create endless possibilities for layout, flow, and guest experience. The beautiful, welcoming entryway sets the tone the moment you walk in.
And the best part? All furniture, kitchen equipment, and supplies convey. Move-in and get to work.
?? Residential Income:
Upstairs, you’ll find three spacious apartments:
• Two units: 3 bedrooms, 1 bath
• One unit: 2 bedrooms, 1 bath
All offer great layouts, closet space, and strong rental potential—perfect for additional, steady income or housing for staff.
?? Parking + Location:
Enjoy off-street parking for up to 5 vehicles, plus ample street parking. Being on a corner lot gives you visibility, accessibility, and tons of curb appeal.
Whether you're an investor, entrepreneur, chef, bar owner, or someone ready to expand their portfolio, 901–907 Albany St is packed with opportunity in a growing, vibrant area of Utica.
?? Message me for details, showings, or financials.
This rare setup doesn’t come along often—don’t miss it! ??
Offered at 499,900
Proudly Listed by Alicia Collver
ABR, SFR, MRP, PSA, e-PRO, C2EX, HFR, REBAC Real Estate Investing, 1031 Tax Exchange Certified
“For sale by EXPERT!”
NY Real Estate Associate Broker
Coldwell Banker Faith Properties
Direct Cell 315-794-2994
License #10301220677
?? 901–907 Albany St, Utica
If you’ve been waiting for an opportunity where business potential meets investment income, THIS is the one you’ve been looking for. ?
Welcome to a prime corner-lot property in the heart of Utica, offering a rare blend of commercial space AND residential units—fully equipped, fully functional, and ready for its next owner to take it to the next level.
?? The Commercial Space:
This property features an oversized, working commercial kitchen that has been meticulously maintained—ideal for catering, restaurant service, or your next business vision. The fully operational bar is already in place, and multiple dining rooms create endless possibilities for layout, flow, and guest experience. The beautiful, welcoming entryway sets the tone the moment you walk in.
And the best part? All furniture, kitchen equipment, and supplies convey. Move-in and get to work.
?? Residential Income:
Upstairs, you’ll find three spacious apartments:
• Two units: 3 bedrooms, 1 bath
• One unit: 2 bedrooms, 1 bath
All offer great layouts, closet space, and strong rental potential—perfect for additional, steady income or housing for staff.
?? Parking + Location:
Enjoy off-street parking for up to 5 vehicles, plus ample street parking. Being on a corner lot gives you visibility, accessibility, and tons of curb appeal.
Whether you're an investor, entrepreneur, chef, bar owner, or someone ready to expand their portfolio, 901–907 Albany St is packed with opportunity in a growing, vibrant area of Utica.
?? Message me for details, showings, or financials.
This rare setup doesn’t come along often—don’t miss it! ??
Offered at 499,900
Proudly Listed by Alicia Collver
ABR, SFR, MRP, PSA, e-PRO, C2EX, HFR, REBAC Real Estate Investing, 1031 Tax Exchange Certified
“For sale by EXPERT!”
NY Real Estate Associate Broker
Coldwell Banker Faith Properties
Direct Cell 315-794-2994
License #10301220677
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$11.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$11.05
|
| Taxes |
$5,277
|
$0.81
|
| Operating Expenses |
$6,000
|
$0.92
|
| Total Expenses |
$11,277
|
$1.73
|
| Net Operating Income |
$60,723
|
$9.32
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $11.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $11.05 |
| Taxes | |
|---|---|
| Annual | $5,277 |
| Annual Per SF | $0.81 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $0.92 |
| Total Expenses | |
|---|---|
| Annual | $11,277 |
| Annual Per SF | $1.73 |
| Net Operating Income | |
|---|---|
| Annual | $60,723 |
| Annual Per SF | $9.32 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,516 SF
Building Class
C
Year Built/Renovated
1950/2023
Price
$380,000
Price Per SF
$58.32
Cap Rate
15.98%
NOI
$60,723
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.81
Lot Size
0.08 AC
Zoning
TBD - Commercial, Mixed-Use Commercial/Residential
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 319-070-0002-077-000-0000 | Total Assessment | $62,000 |
| Land Assessment | $5,400 | Annual Taxes | $5,277 ($0.81/SF) |
| Improvements Assessment | $56,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
319-070-0002-077-000-0000
Land Assessment
$5,400
Improvements Assessment
$56,600
Total Assessment
$62,000
Annual Taxes
$5,277 ($0.81/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
905 Albany St