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INVESTMENT HIGHLIGHTS
- Located in a high-visibility area within Utica’s thriving downtown district
- The property features four individual units, each equipped with HVAC systems for year-round comfort.
- Offering just under 5,000 square feet of versatile space—plus a usable basement
- Building presents a rare investment opportunity in an Opportunity Zone
- Recent upgrades include a brand-new Air-Temp furnace and completely updated electrical systems, including new wiring, a modern panel box
EXECUTIVE SUMMARY
Prime Commercial Opportunity in the Heart of Downtown Utica. Unlock the potential of this exceptional commercial property, offering just under 5,000 square feet of versatile space—plus a usable basement for additional functionality or storage. Located in a high-visibility area within Utica’s thriving downtown district, this building presents a rare investment opportunity in an Opportunity Zone, providing significant tax incentives for savvy investors. The property features four individual units, each equipped with HVAC systems for year-round comfort. Recent upgrades include a brand-new Air-Temp furnace and completely updated electrical systems, including new wiring, a modern panel box, and all new breakers—ensuring safety, efficiency, and compliance. Whether you're looking to expand your portfolio, establish a flagship location, or lease to commercial tenants, this property is a smart choice in a rapidly growing area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,254 SF
Building Class
C
Year Built
1950
Price
$348,840 CAD
Price Per SF
$66.40 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.58
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
Com-1 - Commercial
Parking
10 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
73’ on Devereux St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Clubman's Barber Shop
- Services
- -
- -
- -
- Lynch & Kelly Inc
- Manufacturing
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Clubman's Barber Shop | Services | - | - | - | ||
| Lynch & Kelly Inc | Manufacturing | - | - | - |
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 318-050-0003-004-000-0000 | Improvements Assessment | $25,388 CAD |
| Land Assessment | $30,718 CAD | Total Assessment | $56,106 CAD |
PROPERTY TAXES
Parcel Number
318-050-0003-004-000-0000
Land Assessment
$30,718 CAD
Improvements Assessment
$25,388 CAD
Total Assessment
$56,106 CAD
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23-25 Devereux St
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