Former Cheese Manufacturing
3941 State Highway 28 Milford, NY 13807
3941 State Highway 28, Milford, NY, 13807
$599,900
For Sale
$599,900
COMMERCIAL - Milford, NY
Property Size8,000 SF
Lot Size2.96 Acres
Price / SF$74.99
Days on Market41
Property Features for 3941 State Highway 28
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 2.96 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14144
Utilities
- Heating system
- Radiant, Oil
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Roof type
- Metal
Listing Agency
BENSON AGENCY REAL ESTATE LLC
(607) 432-4391
1 GRAND ST, ONEONTA, NY
Listed by
Rodger B Moran · License #30MO0797197
(607) 432-4391
Added: Jun 8 Checked: Jul 18 at 12:06 pm
MLS# 11803852
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.
Investment Insights
Based on property information with market context.
Former cheese manufacturing facility built in 2000 offering over 8,000 square feet on 2.96 acres. The property includes three walk-in coolers, including a 25 x 28 walk-in, along with retail space finished in rustic knotty pine. The retail area features 9 door coolers and 2 door coolers that are in place and can stay, and it currently has a short-term lease tenant. On-site remnants of processing equipment are also present, including a 500-gallon stainless evaporator and pasteurizer. Heating is served by two systems: an oil-fired hot water boiler with radiant heat and a steam boiler. A second-floor loft area is present and could potentially be converted to living space subject to local code requirements.
The facility sits on a corner lot at 3941 State Highway 28 in Milford, NY. The setting is described as a gateway to Cooperstown Dreams Park and the National Baseball Hall of Fame, with the owner noting it is minutes from those summer destination attractions.
This property can fit buyers looking to revitalize an existing industrial-to-commercial building, with the on-site refrigeration and retail buildout supporting food and related uses. It may also appeal to operators considering light manufacturing on site and retail to seasonal visitors, with existing cooling infrastructure and the current retail tenant in place.
The facility sits on a corner lot at 3941 State Highway 28 in Milford, NY. The setting is described as a gateway to Cooperstown Dreams Park and the National Baseball Hall of Fame, with the owner noting it is minutes from those summer destination attractions.
This property can fit buyers looking to revitalize an existing industrial-to-commercial building, with the on-site refrigeration and retail buildout supporting food and related uses. It may also appeal to operators considering light manufacturing on site and retail to seasonal visitors, with existing cooling infrastructure and the current retail tenant in place.
Key Highlights
- Former Cooperstown Cheese Company facility with 8,000+ sqft built in 2000
- Located on 2.96 acres on a corner lot with multiple walk‑in coolers, including a 25x28 unit
- Includes existing finished retail area in rustic knotty pine with 9 door and 2 door coolers in place
Local Financial Insights For Industrial
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 | $75.8k | $9.48 |
| − Vacancy | −$5.2k | −$0.64 |
| EGI | $70.7k | $8.84 |
| − OpEx | −$21.2k | −$2.65 |
| NOI | $49.5k | $6.18 |
8,000 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.10M
$965.7K – $1.29M
NOI $77,253 @ 7.0% cap · market cap 12.88%
Second Best
Industrial
$706.8K
$618.5K – $824.6K
NOI $49,478 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,368 @ 7.0% cap · market cap 25.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Manufacturing property - Former cheese facility with multiple walk-in coolers and finished retail area, suited for redevelopment or light manufacturing.
Where is this manufacturing property located?
The property is located at 3941 State Highway 28 Milford, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Former Cooperstown Cheese Company facility with 8,000+ sqft built in 2000; Located on 2.96 acres on a corner lot with multiple walk‑in coolers, including a 25x28 unit; Includes existing finished retail area in rustic knotty pine with 9 door and 2 door coolers in place
