| Description: 3336069 | |
| 1155 MOHAWK STREET, UTICA, NY 13501 Prime NNN Retail Investment – “Kay Music Plaza” | Utica, NY A fantastic opportunity for investors to acquire a high-income producing, multi-tenant retail asset in the heart of Utica. Kay Music Plaza consists of 10 commercial units spanning retail, restaurant, and professional office use, offering strong tenant diversification and long-term income stability. Property Overview Building Size: 15,000+ SF Lot Size: Approx. 1.5 Acres Tenancy: 10 Units (7 occupied + 3 vacant – value-add potential) Lease Structure: Triple Net (NNN) Parking: 80–90 Spaces (Private Lot) Utilities: 3-Phase Electric Access: Ingress/Egress via Mohawk Street & McQuade Avenue Recent Capital Improvements Flat membrane roof recoated (2021) New metal canopy Wet sprinkler system Upgraded insulation (roof deck & exterior walls) Double-pane windows throughout Location Highlights Strategically positioned on a prime retail corridor with heavy traffic flow, the property benefits from strong neighboring anchors including: Hannaford Supermarkets McDonald's Dunkin' The area continues to experience significant growth driven by: Wynn Hospital Wolfspeed semiconductor manufacturing expansion Investment Highlights NNN income structure with reduced landlord responsibilities Immediate upside through lease-up of 3 vacant units Strong visibility, signage, and accessibility (Frontage 62 Ft) 1.5-acre redevelopment potential Located in a rapidly growing Upstate NY market with increasing demand Summary “Kay Music Plaza” presents a rare opportunity to acquire a stabilized retail asset with value-add potential, positioned in a high-traffic, growth-oriented corridor in Utica. Transportation Commuter Rail Utica Amtrak Station Amtrak 3 min drive1.4 mi Rome Amtrak Station Amtrak 24 min drive17.6 mi Property Taxes Parcel Number318-084-0001-078-000-0000Improvements Assessment$179,000 Land Assessment$48,000Total Assessment$227,000 Property Type: Retail Property Subtype; 7 Storefront Building Size: 14,560 SF Building Class: C Year Built: 1965 Tenancy Multiple Building Height: 1 Story Building FAR: 0.17 Lot Size: 2.00 AC Zoning: Urban Mixed Use Parking: 90 Spaces (6.18 Spaces per 1,000 SF Leased) Frontage: 87’ on Mohawk St Call for details! Turnkey opportunity, High occupancy, near all major national franchises and brand! |
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Details: |
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| Families: | 10 | |
| Bathrooms: | 12 | |
| Property Type: | ||
| Built: | 1965 | |
Financials: |
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| Price: | $1,200,000 | |
