www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33622006
33621988

618 Varick Street, Utica, NY 13502

CS
NY 10401355679
The O'Hara Group
JC
NY 10401380514
The O'Hara Group
Listed by The O'Hara Group
$995,000
3 days on market
Updated 3 days ago
Opportunity zone

Varick St Portfolio Redevelopment Opportunity

Details
Property Type Multifamily, Hospitality (+1)
Sub Type Apartment Building
Square Footage 29,744
Price per SqFt $33
Year Built 1950
Buildings 4
Stories 4
Acreage 0.540
Zoning 425 - Bar, 481 - Downtown Row
Parking Spaces spaces
Investment Type Redevelopment
Ground Lease No
Sale Condition For sale by owner

Four Buildings + Vacant Lot For Sale

Marketing description

The Varick Street Portfolio presents a rare opportunity to acquire four iconic properties in the heart of Utica’s Historic Brewery District—a neighborhood undergoing significant revitalization with growing municipal support and private investment. This collection includes The Paramount Building (608–612 Varick St), The Varick Bar & Grill (616 Varick St), The Stief (618–620 Varick St), and Sickenberger Lane (622–624 Varick St). These properties have long served as cornerstones of Utica’s nightlife and entertainment scene, and now offer a prime canvas for adaptive reuse and mixed-use redevelopment. Ideal for developers, investors, or hospitality entrepreneurs, the portfolio provides the opportunity to convert the upper floors into modern residential units—perfect for students, professionals, or short-term rentals, especially given the proximity to Colleges/Universities, Wynn Hospital, and the Nexus Center. At street level, the existing bar and restaurant spaces can be reopened, reimagined, or rebranded to meet the growing demand of the local and regional market. Additional value lies in a parcel located directly across the street, which may support dedicated parking or future expansion. With high visibility, and a strategic location in one of Utica’s most promising growth corridors, the Varick Street Portfolio is positioned to become a dynamic live-work-play destination. The City of Utica is applying with the state for Downtown Revitalization Initiative Grants to go towards future redevelopment efforts for the Historic Brewery District. Reach out today for additional details, financials, or to schedule a private showing.

Investment highlights

Investment highlights

  1. Prime Location in Utica Brewery District - Situated in the heart of Utica’s Historic Brewery District, the portfolio benefits from ongoing revitalization efforts, increased municipal support, and strong private investment.
  2. Iconic Entertainment Landmarks - Includes four well-known properties—The Paramount Building, The Varick Bar & Grill, The Stief, and Sickenberger Lane—that have been cornerstones of Utica’s nightlife and entertainment scene for years.
  3. Tremendous Redevelopment Potential - Ideal for adaptive reuse, the upper floors offer potential for modern residential conversions (student housing, professional rentals, or short-term stays), while the street-level commercial spaces can be taken over or rebranded to meet the local demand.
  4. Strategic Proximity to Key Institutions - Located near colleges/universities, the new Wynn Hospital, and the Nexus Center, providing strong rental demand and high visibility for commercial tenants.
  5. Additional Development Opportunity - A parcel directly across the street adds further value—suitable for parking, outdoor amenities, or future expansion to enhance long-term returns.
  6. Annual Taxes total approximately $16,869.
  7. Square-footage and acreage is the total for ALL four buildings/properties combined PER City of Utica Assessor's office.
  8. Years Built are PER Oneida County Records.

Listing Contacts

CS
NY 10401355679
The O'Hara Group
JC
NY 10401380514
The O'Hara Group
Listed by The O'Hara Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Connor Schwartz
License
10401355679
Brokerage
The O'Hara Group
Brokerage Phone
3154478620
Brokerage Address
151 Summerhaven Drive South
Name
Joseph Calaprico
License
10401380514
Brokerage
The O'Hara Group
Brokerage Phone
3155063166
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591