This exceptional 9,176 sq ft, three-story brick building in downtown Oneonta, NY, presents a unique investment opportunity. Situated on a 0.06-acre lot, the property boasts 13 move-in ready offices, soundproof studios, suites, and conference rooms on the first and second floors, along with two half baths and one full bath. The finished basement includes a spacious hall, full kitchen, two additional offices, and dry storage. The building's zoning allows for mixed-use development, making it ideal for a variety of creative enterprises. Imagine transforming this historic gem into executive offices, a vibrant business incubator, apartments, or a mixed-use space with street-level retail or restaurant potential. The third floor features a large open ballroom with high tin ceilings, period light fixtures, natural wood trim and floors, a wardrobe room, and a half bath, awaiting your vision. The property benefits from updated heating, air conditioning, plumbing, and electrical systems, and is eligible for historic renovation tax credits. Priced at $385,000, this is a chance to be part of downtown Oneonta's revitalization. Don't miss this chance to acquire a piece of Oneonta's rich history and shape its future.
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34 Chestnut St Oneonta, NY 13820
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Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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34 Chestnut St Oneonta, NY 13820
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34 Chestnut St, Oneonta, NY
Steven Brown
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