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Varick St. 4 Properties Offered at $995,000 in Utica, NY
Investment Highlights
- Redevelopment Opportunity - Potential DRI Grant Money! Annual Taxes total roughly $16,869.
- Tremendous Redevelopment Potential
- Additional Development Opportunity
- Iconic Entertainment Landmarks
- Strategic Proximity to Key Institutions
- Square-footage and acreage is the total for ALL four buildings/properties combined PER City of Utica Assessor's office.
Executive Summary
The Varick Street Portfolio presents a rare opportunity to acquire four iconic properties in the heart of Utica’s Historic Brewery District—a neighborhood undergoing significant revitalization with growing municipal support and private investment. This collection includes The Paramount Building (608–612 Varick St), The Varick Bar & Grill (616 Varick St), The Stief (618–620 Varick St), and Sickenberger Lane (622–624 Varick St). These properties have long served as cornerstones of Utica’s nightlife and entertainment scene, and now offer a prime canvas for adaptive reuse and mixed-use redevelopment. Ideal for developers, investors, or hospitality entrepreneurs, the portfolio provides the opportunity to convert the upper floors into modern residential units—perfect for students, professionals, or short-term rentals, especially given the proximity to Colleges/Universities, Wynn Hospital, and the Nexus Center. At street level, the existing bar and restaurant spaces can be reopened, reimagined, or rebranded to meet the growing demand of the local and regional market. Additional value lies in a parcel located directly across the street, which may support dedicated parking or future expansion. With high visibility, and a strategic location in one of Utica’s most promising growth corridors, the Varick Street Portfolio is positioned to become a dynamic live-work-play destination. The City of Utica is applying with the state for Downtown Revitalization Initiative Grants to go towards future redevelopment efforts for the Historic Brewery District. Reach out today for additional details, financials, or to schedule a private showing.
Property Facts
| Price | $995,000 | Number of Properties | 4 |
| Price / SF | $27.21 / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 36,568 SF |
| Sale Type | Investment | Total Land Area | 158.92 AC |
| Status | Active |
| Price | $995,000 |
| Price / SF | $27.21 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 36,568 SF |
| Total Land Area | 158.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Paramount Building
608-612 Varick St, Utica, NY 13502 |
Office | 5,904 SF | 1970 | - |
|
Stiefvater
618-620 Varick St, Utica, NY 13502 |
Retail | 24,000 SF | 1950 | - |
|
The Varick
616 Varick St, Utica, NY 13502 |
Retail | 3,601 SF | 1950 | - |
|
Sickenburger Lane
622-624 Varick St, Utica, NY 13502 |
Retail | 3,063 SF | 1950 | - |
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Varick St.