729 Broad Street Utica, NY $ 999,999
729 Broad Street
$ 999,999
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729 Broad Street

Utica, NY, 13501
$ 999,999
Baths0.0 Sq 55,040

Monthly Estimate*

$ 6,985

729 Broad Street, Utica, NY 13501 - Image 1
729 Broad Street, Utica, NY 13501 - Image 2
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Studio

Commercial Property for sale in Utica, NY

for $999,999. This 55,040 square foot building was built in 1935 on a lot size of 1.5129.

A. Vitagliano & Sons have been servicing the grocery and restaurant/hospitality industries since 1926 offering packed spices, cheese products, fruits, nuts, frozen foods and more to various chain stores such as Price Chopper, Hannaford Bros, Chanatry's Food Markets. They also offer a retail cash and carry store open to the general public and restauranters as an outlet for their wholesale goods as an option to Sysco Foods and other restaurant product groups. This business is a legacy dating back to the current owners grandparents who established the brand in 1926 carrying on with the same reputation of quality goods at affordable prices. The current owners are retiring and offering the business and accompanying real estate for sale including all the furnishings fixtures and operating equipment.Incredible opportunity !! Annual Capitalization Rate Net Operating Income divided by Purchase Price = 36% .So Roll Up Your Sleeves and get to work in your own Business ! Ask your Real Estate agent to print the attached Property supplement Brochure Attachment

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Commercial Contingent

Price

$ 999,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,859

Style

Business

Lot Size

1.5129

Year Built

1935

Town/City

Utica

County/Region

Oneida

MLS | Web ID

S1493115

Features
General
Sewer PublicSewer
Heating Gas ForcedAir
Cooling CentralAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Membrane Rubber
Zoning Industrial
Construction Materials Brick WoodSiding
Year Built 1935
Stories 4
Township Not Applicable
Property SubType Business
Gross Income 3690000.0
Business Type Grocery
County Oneida
Net Operating Income 444549.0
Operating Expense 3239592.0
Property Type CommercialSale
Possible Use Manufacturing Retail Warehouse Wholesale
Building Features FreightElevator LoadingDock Office Shelving
Status ActiveUnderContract
Directions Entrance ramp to NYS Route 5S approximately 1 500ft from the subject property
City Utica
High School District Utica
Zoning Description Industrial
Total Units 0
MLS Area Utica-City-301600
Lot Size Square Feet 65901.0
Waterfront Y/N No
Street Name Broad
Year Built Details Existing
Tax Annual Amount 5859.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1493115
Days on Market 241
Standard Status ActiveUnderContract
Middle/Junior School District Utica
Elementary School District Utica
Tax Assessed Value 96800
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 15
Property Sub Type Additional Business MixedUse Commercial
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Interior
Basement Full StorageSpace
Flooring Concrete Hardwood Linoleum Varies Vinyl
Total Fireplaces 0
Total Stories 4
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features OnSite Surfaced
Water Source Public
Total Parking 25.0
Inclusions Equipment Land Building and Business
Lot Size Area 1.5129
Number of Buildings 1
Building Area Total 55040.0
Lot Dimensions 248X266
Lot Size Acres 1.5129
Lot Size Units Acres
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Internal Only
Street Number 1 729
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* Excluded Features
List By
The Property Shop

Broker

(315) 525-2228

Phone

Affordability Calculator

$7,474
Per Month
93%
7%
0%
Monthly Principal & Interest
$6,985
Monthly Property Taxes
$488
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
247699 Elementary School
246707 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/29/2023$999,999 -20.00% Price Down
10/5/2023$1,250,000 -19.51% Price Down
8/23/2023$1,553,000 Listed Price

Map


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729 Broad Street, Utica, NY, 13501 is a Commercial Property for sale at $999,999 with 55,040 sqft and a lot size of 1.5129. 729 Broad Street is a studio with 0.0 baths and was built in 1935. The property's zip code is 13501 which is in Utica, NY