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2389 State Route 5
Utica, NY 13502
Papa Charlie’s BBQ & 14 Efficiency Apartments · Multifamily Property For Sale
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14 Units
Executive Summary
Rare mixed-use property now available in Schuyler! This income-producing property includes the well-known Papa Charlie’s Country Barbeque & Ice Cream along with 14 apartment units, all situated on approximately 2 acres in a prime location along State Route 5. This property offers multiple streams of income with a fully operational restaurant and residential units already in place — making it an ideal opportunity for investors or owner-operators looking to step into an established business. The restaurant is currently owner-operated and has built a strong local presence, while the apartments provide consistent rental income. Whether you’re looking to expand your portfolio or run your own business while generating passive income, this property checks all the boxes.
Property Facts
| Price Per Unit | $129,479 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Cap Rate | 10.34% | Building Size | 11,000 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Zoning | CH | ||
| Price Per Unit | $129,479 CAD |
| Sale Type | Investment |
| Cap Rate | 10.34% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 11,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2020 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | CH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 650 - 750 |
Property Taxes
| Parcel Number | 214800-104-002-0002-005-100-0000 | Improvements Assessment | $564,728 CAD |
| Land Assessment | $383,457 CAD | Total Assessment | $948,185 CAD |
Property Taxes
Parcel Number
214800-104-002-0002-005-100-0000
Land Assessment
$383,457 CAD
Improvements Assessment
$564,728 CAD
Total Assessment
$948,185 CAD
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