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    5198 Ny-23 Oneonta, NY

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    For Sale
    $299,000

    Development opportunity with visibility and access from Route 23.

    Lot size:
    3.50 Acres

    Property Features for 5198 Ny-23

    General Information

    Lot size
    3.50 Acres

    Source: Cushman & Wakefield | Pyramid Brokerage - Ithaca Agent David Huckle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Route 23

    This property presents a prime development opportunity with visibility and access from Route 23. The former building has been demolished, and the site is now graded. It is ideally suited for commercial development, including retail, service, or office uses. The location is adjacent to the Quality Inn Hotel and Banquet Center and across the street from Interskate 88.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -74.9887709
    Latitude
    42.5242446

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    FAQs

    What type of property is this?
    Commercial land - Development opportunity with visibility and access from Route 23.
    Where is this commercial land located?
    The property is located at 5198 Ny-23 Oneonta, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Prime development opportunity with visibility and access from Route 23.; - Site is graded and ready for development.; - Ideal for retail, service, or office commercial development.
    (607) 227-7558
    Request Owner's contact information
    5198 Ny-23 Oneonta, NY
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    Oneonta, NY
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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.

    More about this property
    5198 Ny-23 Oneonta, NY
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