Varick St Portfolio Redevelopment Opportunity
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
- 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.
- 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.
- 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.
- 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.
- 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.
- Annual Taxes total approximately $16,869.
- Square-footage and acreage is the total for ALL four buildings/properties combined PER City of Utica Assessor's office.
- Years Built are PER Oneida County Records.
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