Standalone Retail
For Sale
$59,900
128 Chestnut St, Oneonta, NY 13820
Compact commercial space near two colleges and downtown, with a small on-site parking area.
Property Size420 SF
Price / SF$142.62
Days on Market47
Property Features for 128 Chestnut St
General Information
Standard status
Active
Size
420 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$950
Building Details
Building Size
420 SF
Year Built
1900
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Faith Properties Il
Listed By:
C. Vitiello
(315) 868-9666
Source:
Elliman
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 7:34AM
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 Coldwell Banker Faith Properties Il
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Investment Insights
Based on property information with market context.
This standalone retail building contains 420 square feet of commercial space and dates to 1900. The compact footprint can accommodate a small business operation, subject to applicable approvals and use requirements.
The property is at 128 Chestnut St in Oneonta, near two colleges and downtown Oneonta. A small parking lot supports on-site customer access, while the location is also described as somewhat bikeable and car-dependent.
The property is at 128 Chestnut St in Oneonta, near two colleges and downtown Oneonta. A small parking lot supports on-site customer access, while the location is also described as somewhat bikeable and car-dependent.
Key Highlights
- Standalone commercial building with 420 square feet
- Built in 1900
- Near two colleges and downtown Oneonta
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,056
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$81,120
$81.1K
Cap Rate 7%
$57,943
$57.9K
Cap Rate 9%
$45,067
$45.1K
Market Conditions
NOI Build-Up for 420 SF
Gross rent
$6.0K $14.40/SF
− Vacancy
−$254 −$0.60/SF
EGI
$5.8K $13.80/SF
− OpEx
−$1.7K −$4.14/SF
NOI
$4.1K $9.66/SF
Area
Otsego County, NY
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$81,120
Cap Rate 7%
$57,943
Cap Rate 9%
$45,067
Alternative Uses
Best Use
Retail
$57.9K
$50.7K – $67.6K
NOI $4,056 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$115.8K
$101.3K – $135.1K
NOI $8,104 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial space near two colleges and downtown, with a small on-site parking area.
Where is this storefront property located?
The property is located at 128 Chestnut St Oneonta, NY.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: Standalone commercial building with 420 square feet; Built in 1900; Near two colleges and downtown Oneonta
