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Mixed-Use Restaurant and Apartments
For Sale
Contact for pricing
Pending

61 Spruce St, Oneonta, NY 13820

First-floor deli with three residential units, including multiple south and east entrances, offered for sale with owner financing.

Property SizeContact for details
Days on Market117

Property Features for 61 Spruce St

General Information

Standard status Pending
Property subtype Mixed Use, Multifamily

Additional Details

Business Included Yes
Liquor License Yes
Multifamily Units 3
Listing Agency: eXp Realty
Listed By: Ajay Mehta · License #NY 10401329808
Source: Crexi
Added: Apr 11 Changed: Jul 22 Last Checked: Aug 4 at 12:33PM

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 eXp Realty

Investment Insights

Based on property information with market context.

This mixed-use property includes a first-floor deli along with three apartments. The deli is accessed from the south entrance, and the residential units are arranged with south-entrance 2BR and 1BR apartments plus an east-entrance 3BR apartment. The current owners report the deli has been in operation for more than 20 years, and that the liquor license was reinstated after one year.

The property is described as within walking distance of SUNY and Hartwick, a private college, with approximately 10,000 students in total. For income context, the remarks state rent roll potential of $3,800 per month in the case of an absentee owner, and owner-run earning potential of approximately $9,000 per month. The seller also notes that owner financing is available on reasonable terms, and that the sale is driven by a partner’s rift.

Key Highlights

  • First‑floor deli plus three residential apartments: 2BR, 1BR, and 3BR
  • Deli has been in business for 20+ years
  • Deli rent roll potential is $3,800/month with an absentee owner

Property Analytics

Current Use

Hometown Deli & Grocery Food Market Cardtronics Atm

Suggested Use

Top Pick Electrical Service Bakery Garden Center (Bike/Boat/Book/etc) Store Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

806
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor deli with three residential units, including multiple south and east entrances, offered for sale with owner financing.
Where is this mixed-use property located?
The property is located at 61 Spruce St Oneonta, NY.
What are key features of this property?
This property features: First‑floor deli plus three residential apartments: 2BR, 1BR, and 3BR; Deli has been in business for 20+ years; Deli rent roll potential is $3,800/month with an absentee owner
More about this property
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