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729 Broad ST Utica, NY 13501
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Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 55,040 sqft
Price per Sqft $15
MLS Listing ID S1493115
Sold Date 10/31/24
Construction Status Existing
HOA Y/N No
Year Built 1935
Annual Tax Amount $5,859
Lot Size 1.513 Acres
Acres 1.5129
Lot Dimensions 248X266
Property Description
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
Location
State NY
County Oneida
Area Utica-City-301600
Zoning Industrial
Direction Entrance ramp to NYS Route 5S approximately 1,500ft from the subject property
Rooms
Basement Full, Storage Space
Interior
Heating Gas, Forced Air
Cooling Central Air
Flooring Concrete, Hardwood, Linoleum, Varies, Vinyl
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Membrane,Rubber
Total Parking Spaces 25
Building
Building Description Brick,Wood Siding, Freight Elevator,Loading Dock,Office,Shelving
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick,Wood Siding
Construction Status Existing
Schools
School District Utica
Others
Tax ID 301600-319-009-0002-015-000-0000
Financing Conventional
Special Listing Condition Standard
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