Downtown Utica Investment Opportunity

For Saleactive

$8,900,000

📍 181-185 Genesee Street, Utica, NY 13501

📐 Square Feet: 266,949
🏡 Lot Size: 0.75
📅 Year Built: 1907
Property Type: Office, Mixed Use
Sub Type: Traditional Office, Creative Office
Tenancy Type: Multiple
Lease Type: Modified
Price per Sq Ft: $33
Zoning: Central Business District
Parking Spaces: 100+
Buildings: 2
Class: B
Cap Rate: 8.03%
Occupancy: 35%
Year Renovated: 2012

Marketing description

181 & 185 Genesee Street offers a two-building investment and redevelopment opportunity in the heart of Downtown Utica. Totaling approximately 266,949 square feet, the property includes Clark City Center and the historic Adirondack Bank Building, along with 100+ on-site parking spaces.

Located along Genesee Street within Utica’s Central Business District and an Opportunity Zone, the property offers existing commercial office space with significant potential for future residential or mixed-use redevelopment. Its prominent downtown location provides convenient access to restaurants, retail, major roadways and regional transportation.

Investment highlights

• Over $1.3M of gross income

• Prominent Genesee Street location in the heart of Downtown Utica

• 100+ on-site parking spaces

• Located within Utica’s Central Business District (CBD) and an Opportunity Zone

• Value-add potential through future residential and mixed-use redevelopment

• Existing built-out office space with established tenants

• Walkable location near restaurants, retail and downtown amenities

• Convenient access to major roadways and regional transportation

• Positioned to benefit from continued investment and revitalization in Downtown Utica

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