Mixed-Use Property on Main
26 Main St, Oneonta, NY 13820
Call to check price and availability
Versatile mixed-use property with restaurant and residential units.
Type:Retail
Property size:
7,754 SFLot size:
0.77 AcresPrice / SF:
$190/SF- Added:
- Dec 19, 2023
- Days on Market:
- 879
- Last Refresh:
- Mar 19 at 8:53 pm
Property Features for 26 Main St
General Information
- Standard status
- Active
- Size
- 7,754 SF
- Lot size
- 0.77 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agent Michael Conroy License #NY 10301218830
Listing office EXP Commercial - Vega (585) 735-7739
Listing date Dec 19, 2023
Source Crexi
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 Commercial - Vega
HighLights
- High‑visibility Main Street location with ±163 feet of frontage and a dedicated turning lane.
- ±0.77‑acre site with rare downtown private parking for approximately 50 vehicles.
- Versatile mixed‑use property with multiple redevelopment options and flexible zoning for various commercial uses.
- Existing well‑known restaurant (Alfresco) with the option to continue the business or rebrand.
- Two on‑site residential apartments totaling ±2,300 square feet (3 bedrooms, 3 bathrooms) for added revenue or live‑work flexibility.
- Strategic location near Interstate 88 with high traffic and proximity to SUNY Oneonta, Hartwick College, and Cooperstown All‑Star Village.
Overview
Located at 26 Main Street in Oneonta, NY, this mixed-use property offers opportunities for investors, developers, or business owners. The property has approximately 163 feet of frontage on Main Street, with high visibility and a dedicated turning lane. The site spans approximately 0.77 acres and includes private parking for about 50 vehicles. The building totals approximately 7,754 square feet over two stories, blending historic charm with modern updates, including newer mechanical systems such as a furnace, AC units, and a hot water heater. Currently operating as Alfresco, a restaurant, the property offers the option to continue the existing business, rebrand with a new concept, or reposition the property. It also includes two on-site residential apartments totaling approximately 2,300 square feet with three bedrooms and three bathrooms combined. The property is zoned for a range of commercial uses, making it suitable for restaurants, breweries, boutique lodging, wellness, offices, or mixed-use redevelopment. Located just off Interstate 88, the site captures both local and regional traffic, with an AADT of 12,008. Oneonta is home to SUNY Oneonta and Hartwick College, contributing a strong student population and consistent year-round demand. The city also benefits from a significant tourism base.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.19M
NOI $107,395 @ 9.00% cap · cautious / downside scenario
Moderate
$1.53M
NOI $107,395 @ 7.00% cap · market / base-case scenario
Aggressive
$2.15M
NOI $107,395 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.0k | $18.96 |
| − Vacancy | −$3.8k | −$0.49 |
| EGI | $143.2k | $18.47 |
| − OpEx | −$35.8k | −$4.62 |
| NOI | $107.4k | $13.85 |
7,754 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,395 @ 7.0% cap · market cap 7.28%
Second Best
Retail
$1.07M
$936.0K – $1.25M
NOI $74,878 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,621 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Alfresco's Italian Bistro
Restaurant
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.063345
- Latitude
- 42.4477594
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use property with restaurant and residential units.
Where is this mixed-use property located?
The property is located at 26 Main St Oneonta, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: High‑visibility Main Street location with ±163 feet of frontage and a dedicated turning lane.; ±0.77‑acre site with rare downtown private parking for approximately 50 vehicles.; Versatile mixed‑use property with multiple redevelopment options and flexible zoning for various commercial uses.
