1122 Kossuth Ave, Utica, NY, 13501

1122 Kossuth Ave Utica, NY 13501

1122 Kossuth Ave, Utica, NY, 13501
1122 Kossuth Ave, Utica, NY, 13501 1122 Kossuth Ave, Utica, NY, 13501 1122 Kossuth Ave, Utica, NY, 13501 1122 Kossuth Ave, Utica, NY, 13501 1122 Kossuth Ave, Utica, NY, 13501 1122 Kossuth Ave, Utica, NY, 13501
FOR SALE
Property Type:
Community Center
Amount:
$1,290,000
Last Verified:
Aug 28, 2024

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Highlights

  • Community Development
  • The city has been awarded $4,613,276 for improvements to the western end of Broad Street.
  • The city is slated to receive $2,402,334 in CDBG funding for the program year starting April 1, 2024, through March 31, 2025.
  • This property is a prime investment opportunity in a growing and revitalizing area.
  • Seller financing available

Description

Commercial Building for Sale in Utica, NY

This recently updated and well-maintained commercial building provides excellent visibility in Utica, NY, with available signage and a desirable mix of retail and service-oriented tenants. The property features three spacious floors and additional basement and attic spaces, ideal for various uses.

Property Details

First Floor: +/- 4,470 sq ft of local market space.
Garage +/- 1000 sf and (Two) Drive In / Grade-Level Doors
Second Floor: +/- 4,470 sq ft rental unit.
Third Floor: +/- 4,470 sq ft of additional space.
Basement & Attic: Full basement and a fourth-floor attic with 1,967+ sq ft.
**Seller financing available

Location & Accessibility

Conveniently located with quick access to Route 840, just minutes from NYS Route 91.
Close proximity to restaurants, retail shops, hospitals, and Utica College.
Centrally situated within the Mohawk Valley Health System, near the new 702,000-sq-ft regional medical center under construction in Downtown Utica.
Minutes away from the brand-new Pickleball Court at 220 Memorial Parkway, 313 Elizabeth St, and Seymour Park.

Utica, New York, combines the charm of small-city living with the cultural and ethnic diversity of an international urban center. Situated at the foot of the Adirondack Mountains, Utica offers a unique blend of scenic beauty and the conveniences of both rural and urban environments.


Year Built: 1950
Building Size: 13400sq ft
Building Class: B
Lot Size: 0.38 acres

Map of 1122 Kossuth Ave, Utica, NY, 13501

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.