Kay Music Plaza 1155 Mohawk St 14,560 SF 100% Leased Retail Building Utica, NY 13501 $2,085,405 CAD ($143.23 CAD/SF) 7.41% Cap Rate

Kay Music Plaza presents a rare opportunity to acquire a high-income producing, multi-tenant retail property in the heart of East Utica. The 14,560 SF building sits on approximately 1.5 acres and features 10 commercial units currently occupied by a diversified mix of retail, restaurant, and professional office tenants, with 3 vacancies offering immediate value-add potential.
Built in 1965, the property has been well-maintained and updated, including a recoated flat membrane roof (2021), new metal canopy, wet sprinkler system, improved insulation on the roof deck and exterior walls, double-pane windows throughout, and 3-phase electric service. The site offers 90 parking spaces and 87 feet of frontage on Mohawk Street, providing excellent visibility and accessibility.
Strategically positioned on a high-traffic retail corridor, the property benefits from strong neighboring anchors including Hannaford, Rite Aid, and Dunkin Donuts. Utica continues to attract significant investment, including the new Wynn Downtown Hospital and the Wolfspeed chip manufacturing facility, supporting long-term demand for commercial space in the area.