Turn-Key Restaurant in Downtown
214 Main St, Oneonta, NY 13820
- Added:
- Jan 21, 2026
- Days on Market:
- 140
- Last Refresh:
- Jun 10 at 4:06 am
Property Features for 214 Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 361200-300.031-0001-037.003
- Size
- 4,305 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6308
Utilities
- Heating system
- Baseboard, Electric (Heating), Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1975
- Year renovated
- 1975
- Floors in Building
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Brick
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent Rodger B Moran (607) 432-4391
Listing office BENSON AGENCY REAL ESTATE LLC 1 GRAND ST, ONEONTA, NY (607) 432-4391
Listing date Jan 21, 2026
MLS# 11635789
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime downtown location in the heart of Oneonta, adjacent to Muller Plaza and the Al Galladoro performance stage.
- Turn‑key restaurant building with 1,435 sq ft per floor (first floor and basement), ready for immediate operation.
- Includes a 2nd‑floor apartment with new carpeting, 2‑3 bedrooms, 1.5 baths, laundry room, and newly installed electric heat.
- Restaurant features a natural oak bar, tile flooring, French doors to an exterior dining area, and tastefully decorated brick, oak, and stucco finishes.
- Equipped with central air conditioning and multiple heating systems (baseboard, electric, forced air, natural gas).
- Views from the apartment to city hill‑scapes and the downtown square.
Overview
This turn-key restaurant building is situated in downtown Oneonta, adjacent to Muller Plaza and the Al Galladoro performance stage. The restaurant space encompasses 1,435 square feet on both the first floor and in the basement, featuring tile flooring, French doors leading to an exterior dining area, a natural oak bar, and three bathrooms. Tasteful decorations include brick, oak, and stucco finishes. The second floor, with newly installed electric heat, includes new carpeting, two to three bedrooms, one and a half bathrooms, and a laundry room. Views from the apartment overlook city hill-scapes and the downtown square. The building has a total size of 4,305 square feet and is located on a 0.05-acre lot. Public parking is available on the street, with two municipal lots located within 2-3 blocks. This property is intended for use as a restaurant and residential income property.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.6k | $18.96 |
| − Vacancy | −$2.1k | −$0.49 |
| EGI | $79.5k | $18.47 |
| − OpEx | −$19.9k | −$4.62 |
| NOI | $59.6k | $13.85 |
4,305 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$851.8K
$745.3K – $993.8K
NOI $59,625 @ 7.0% cap · market cap 8.83%
Second Best
Retail
$593.9K
$519.7K – $692.9K
NOI $41,572 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,069 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Indian Grill Oneonta ...
Restaurant
Indian Grill
Restaurant
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.061327
- Latitude
- 42.454165
Nearby Similar for Sale
FAQs
What type of property is this?
Turn key restaurant - Turn-key restaurant with apartment in the heart of Oneonta.
Where is this turn key restaurant located?
The property is located at 214 Main St Oneonta, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime downtown location in the heart of Oneonta, adjacent to Muller Plaza and the Al Galladoro performance stage.; Turn‑key restaurant building with 1,435 sq ft per floor (first floor and basement), ready for immediate operation.; Includes a 2nd‑floor apartment with new carpeting, 2‑3 bedrooms, 1.5 baths, laundry room, and newly installed electric heat.
