Turn-Key Restaurant Building in
214 Main St, Oneonta, NY 13820
Restaurant building in downtown Oneonta with apartment and outdoor dining.
Type:Commercial
Property size:
2,870 SFPrice / SF:
$235/SF- Added:
- Apr 24, 2026
- Days on Market:
- 41
- Last Refresh:
- Apr 24 at 8:15 pm
Property Features for 214 Main St
General Information
- Standard status
- Active
- Size
- 2,870 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agent Rodger B Moran License #30MO0797197 (607) 287-1559
Listing office Benson Agency Real Estate LLC (607) 287-1559
Listing date Apr 24, 2026
Source Elliman
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 Benson Agency Real Estate LLC
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).
- Includes a 2‑3 bedroom apartment on the second floor with new carpeting, electric heat, laundry room, and 1.5 baths.
- Restaurant features a natural oak bar, tile flooring, French doors to an exterior dining area, and 3 baths.
- Walkable location (Walk Score: 70) with convenient access to public parking and municipal lots.
- Tastefully decorated restaurant space with brick, oak, and stucco finishes.
Overview
This turn-key restaurant building is located in the heart of downtown Oneonta, adjacent to Muller Plaza and the Al Galladoro performance stage. The restaurant space includes 1,435 square feet on the first floor and an additional 1,435 square feet in the basement. It features tile flooring, French doors leading to an exterior dining area, a natural oak bar, and three bathrooms. The restaurant is decorated with brick, oak, and stucco finishes. The second floor, accessible as an apartment, has new carpeting, two to three bedrooms, one and a half bathrooms, and a laundry room, with newly installed electric heat. The apartment offers views of the city hill-scapes and downtown square. Public parking is available on the street, with two municipal lots within a few blocks. The location has a walk score of 70, indicating it is very walkable, and a bike score of 51, making it bikeable.
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 | $54.4k | $18.96 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $53.0k | $18.47 |
| − OpEx | −$13.3k | −$4.62 |
| NOI | $39.8k | $13.85 |
2,870 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$567.9K
$496.9K – $662.5K
NOI $39,750 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$791.1K
$692.3K – $923.0K
NOI $55,380 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
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
- -75.061383
- Latitude
- 42.4541932
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Restaurant building in downtown Oneonta with apartment and outdoor dining.
Where is this conventional 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).; Includes a 2‑3 bedroom apartment on the second floor with new carpeting, electric heat, laundry room, and 1.5 baths.
