Lumber Yard and Hardware
5662 NY-7 Milford Center, NY
5662 NY-7, Milford Center, NY, 00000
Contact for pricing
For Sale
Contact for pricing
Established lumber yard and hardware store for sale in Oneonta.
Property Size41,098 SF
Lot Size4.27 Acres
Price / SF$121.66
Days on Market551
Property Features for 5662 NY-7
General Information
- Standard status
- Active
- Size
- 41,098 SF
- Lot size
- 4.27 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Pavia Real Estate Services
(315) 736-1555
Listed by
Dominic Pavia · License #3321260
Source
Moodyscre
Added: Jan 16, 2025 Updated: Jul 6 at 9:54AM Checked: Jul 21 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pavia Real Estate Services
Investment Insights
Based on property information with market context.
This offering presents the opportunity to purchase Munson’s Building Supplies, a longstanding lumber yard and hardware store located in Oneonta, New York. The property includes a 28,056-square-foot main building, six pole barns totaling approximately 8,704 square feet, and approximately 5,220 square feet of covered storage. Situated on approximately 4.27 acres directly off I-88 Exit 16, the sale encompasses the real estate, business, FF&E (furniture, fixtures, and equipment), and inventory.
Key Highlights
- Established lumber yard and hardware store business included in sale.
- Includes real estate, business, FF&E, and inventory.
- Large 28,056 SF main building with additional storage.
Local Financial Insights For 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 | $591.8k | $14.40 |
| − Vacancy | −$24.9k | −$0.60 |
| EGI | $567.0k | $13.80 |
| − OpEx | −$170.1k | −$4.14 |
| NOI | $396.9k | $9.66 |
41,098 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$7.15M
$6.26M – $8.34M
NOI $500,420 @ 7.0% cap · market cap 10.01%
Second Best
Retail
$5.67M
$4.96M – $6.61M
NOI $396,869 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$11.33M
$9.91M – $13.22M
NOI $793,027 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - Established lumber yard and hardware store for sale in Oneonta.
Where is this storefront property located?
The property is located at 5662 NY-7 Milford Center, NY.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: Established lumber yard and hardware store business included in sale.; Includes real estate, business, FF&E, and inventory.; **Large 28,056 SF main building with additional storage.**
