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    Historic Rail Station For Sale Title is generated by Realmo AI

    58-60 Market St, Oneonta, NY 13820

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    Lovingly restored historic rail station suitable for retail or office.

    Type:Retail
    Property size:
    8,000 SF
    Price / SF:
    $175/SF
    Added:
    Dec 18, 2023
    Days on Market:
    931
    Last Refresh:
    May 12 at 8:24 pm

    Property Features for 58-60 Market St

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1892

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    Michael Conroy
    Michael Conroy

    Listing office EXP Commercial - Vega

    Listing date Dec 18, 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

    • Historic former rail station (circa 1892) lovingly restored.
    • Ideally equipped for retail, medical/professional, or service business.
    • Proven location footsteps from Foothills Performing Arts Center.
    • Potential for a three‑store mini‑mall with separate heating.
    • Restoration blends historical charm with modern systems and conveniences.
    • Direct views toward Main Street, close to city park, banking, and retail.

    Overview

    This historic former rail station, dating back to circa 1892, has been restored to its original condition. The 8,000 square foot building is located steps away from the Foothills Performing Arts Center. It is equipped for retail, medical/professional, or service business opportunities. The building could also function as a three-store mini-mall with separate heating. All contents and equipment are negotiable for food establishment ideas. The restoration has blended historical charm with modern systems and conveniences. As an office or medical complex, the site offers views toward Main Street to the Clarion Hotel and is near a city park, banking, and other service and retail shops.

    Local Financial Insights For Healthcare Medical

    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 $208.3k $26.04
    − Vacancy −$15.0k −$1.87
    EGI $193.3k $24.17
    − OpEx −$77.3k −$9.67
    NOI $116.0k $14.50
    8,000 SF · lease $26.04/SF/yr · vacancy 7.20% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $1.66M
    $1.45M – $1.93M (±1% cap)
    NOI $115,993 @ 7.0% cap · market cap 8.29%
    Second Best
    Office B
    $1.44M
    $1.26M – $1.68M (±1% cap)
    NOI $101,088 @ 7.0% cap · market cap 7.22%
    Theoretical Best
    Office A
    $2.21M
    $1.93M – $2.57M (±1% cap)
    NOI $154,368 @ 7.0% cap · market cap 11.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Auto Repair Shop Big Box & Wholesale Store Department Store Storage Facility Electrical Service Auto Parts Store Skin Care Clinic Bakery Garden Center Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.0595124
    Latitude
    42.4526381

    FAQs

    What type of property is this?
    Storefront property - Lovingly restored historic rail station suitable for retail or office.
    Where is this storefront property located?
    The property is located at 58-60 Market St Oneonta, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Historic former rail station (circa 1892) lovingly restored.; Ideally equipped for retail, medical/professional, or service business.; Proven location footsteps from Foothills Performing Arts Center.
    (585) 735-7739 Call to check price and availability
    More about this property
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