1700-1724 Genesee Street
Mixed-use redevelopment opportunity at 1700–1724 Genesee Street, Utica, New York, offered at $2,500,000. The portfolio comprises a 34,802 SF former bowling alley on 4.61 acres, a 3,656 SF McDonald's operating on a ground lease, and 1.31 acres of vacant land. McDonald's has occupied its site since 1999 and is in the second of four available five-year renewal options, providing stable cash flow while the surrounding parcels are repositioned or redeveloped. Urban Mixed Use zoning permits office, multifamily, retail, and other uses, positioning the assemblage for substantial value creation.
The property fronts Genesee Street (8,661 AADT) in a high-traffic retail corridor anchored by Walgreens, Family Dollar, AutoZone, Market 32, Bagel Grove, and Tony's Pizzeria. Within one mile, 20,385 residents and 5,909 daytime employees support strong daytime demand; the three-mile radius expands to 76,177 residents and 39,697 employees with an average household income of $70,835. Municipal water and sewer, plus National Grid gas and electric, are available on-site. The bowling alley and vacant land may be purchased separately for $1,200,000, or as a complete portfolio with the McDonald's ground lease for $2,500,000.
- 34,802 SF former bowling alley plus 1.31 acres of vacant land ready for redevelopment
- McDonald's ground lease provides stable income while surrounding assets are repositioned
- Urban Mixed Use zoning allows office, multifamily, retail, and mixed-use development
- High-traffic Genesee Street corridor with 8,661 AADT; nearby Burrstone Road at 11,533 AADT
- Flexible purchase options: bowling alley and land separately ($1,200,000) or full portfolio ($2,500,000)
- Strong demographics: 20,385 residents and 5,909 daytime employees within one mile
More property details
Features & amenities
Location
This exceptional redevelopment opportunity in Utica combines stable income with significant future development potential. The offering includes a 3,656-square-foot McDonald's operating under a long-term ground lease at 1700 Genesee Street, a 34,802-square-foot former bowling alley situated on approximately 3.3 acres at 1724 Genesee Street, and an additional 1.31 acres of vacant land located at the corner of Sunset Avenue and Shepard Place. McDonald's has occupied the site since 1999 and is currently in the second of four available five-year renewal options, providing reliable investment income while allowing the surrounding properties to be repositioned or redeveloped. Located along the highly trafficked Genesee Street retail corridor, the property benefits from excellent visibility, a strong daytime employee population, and proximity to established national and local retailers, including Walgreens, Family Dollar, AutoZone, Market 32, Bagel Grove, and Tony's Pizzeria. With its combination of existing cash flow, prime commercial location, and substantial redevelopment potential, this property presents an outstanding opportunity for investors and developers seeking long-term value creation.
- Genesee Street (8,661 AADT), Burrstone Road (11,533 AADT), Urban Mixed Use zoning, municipal water/sewer, National Grid gas/electric
Additional details
Mixed-use redevelopment opportunity consisting of a 34,802 SF former bowling alley on 4.61 acres and a 3,656 SF ground lease McDonald's on 1.11 acres. Urban Mixed Use zoning allows for office, multifamily, retail, and other uses.
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