Nursery and Garden Center with
For Sale
$360,000
248 River Street, Oneonta, NY 13820
Retail and office areas connect to landscaped outdoor display space and a functional greenhouse.
Property Size3,050 SF
Price / SF$118.03
Days on Market80
Property Features for 248 River Street
General Information
Standard status
Active
Size
3,050 SF
Additional Details
Utilities to Site
Yes
Amenities
pergola/hardscape walkways and open/covered areas
greenhouse
yard space
fire-pit
outdoor performance venue
koi pond
Listing Agency:
Benson Agency Real Estate LLC
(607) 432-4391
Listed By:
Rodger B Moran · License #30MO0797197
(607) 287-1559
Source:
Nicholcityrealty
Added: Aug 14
Changed: Oct 30
Last Checked: Nov 1 at 5:14AM
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
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Investment Insights
Based on property information with market context.
This nursery and garden center property combines 1,650 square feet of office and retail space with 2,500 square feet of pergola, hardscape walkways, and open or covered areas. A functional greenhouse, underground water and electric service, and a substantial yard support display-oriented operations. The grounds include a koi pond, flowing stream, and perennial plantings, while a level rear area provides additional outdoor space.
The property also includes two recently completed apartments: a 650-square-foot, one-bedroom first-floor unit and an 850-square-foot second-floor unit with two bedrooms, one and a half baths, an open-concept kitchen and living area, and a washer and dryer. Major interior and exterior improvements have been completed, and the existing office suites, bathroom, greenhouse, and retail areas are in place. Built in 1970.
The property also includes two recently completed apartments: a 650-square-foot, one-bedroom first-floor unit and an 850-square-foot second-floor unit with two bedrooms, one and a half baths, an open-concept kitchen and living area, and a washer and dryer. Major interior and exterior improvements have been completed, and the existing office suites, bathroom, greenhouse, and retail areas are in place. Built in 1970.
Key Highlights
- 1,650 SF of office and retail space
- 2,500 SF of pergola, hardscape walkways, and open or covered areas
- Functional greenhouse with underground water and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,453
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,060
$589.1K
Cap Rate 7%
$420,757
$420.8K
Cap Rate 9%
$327,256
$327.3K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$43.9K $14.40/SF
− Vacancy
−$1.8K −$0.60/SF
EGI
$42.1K $13.80/SF
− OpEx
−$12.6K −$4.14/SF
NOI
$29.5K $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%
$589,060
Cap Rate 7%
$420,757
Cap Rate 9%
$327,256
Alternative Uses
Best Use
Retail
$420.8K
$368.2K – $490.9K
NOI $29,453 @ 7.0% cap · market cap 8.18%
Second Best
Mixed Use
$373.8K
$327.1K – $436.2K
NOI $26,169 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$840.8K
$735.7K – $980.9K
NOI $58,853 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Balanced
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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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Nursery and garden center - Retail and office areas connect to landscaped outdoor display space and a functional greenhouse.
Where is this nursery and garden center located?
The property is located at 248 River Street Oneonta, NY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,650 SF of office and retail space; 2,500 SF of pergola, hardscape walkways, and open or covered areas; Functional greenhouse with underground water and electric service
