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    2957 Ny-23 West Oneonta, NY 13861

    Sponsored
    For Sale
    $795,000

    Established Restaurant, High Traffic Area

    Property size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional restaurant opportunity in West Oneonta, NY, presents a turnkey operation ideally situated on a major road near a tourist attraction. The property boasts a 4,800 square foot free-standing building situated on a generous 3-acre lot, offering ample space for both indoor and outdoor operations. Currently operating at 100% occupancy, this single-tenancy establishment is priced at $795,000, translating to $165.62 per square foot. The building's prime location ensures high visibility and accessibility, making it an attractive destination for both locals and tourists. The substantial lot size provides significant potential for expansion or future development. This is a rare chance to acquire a well-established, profitable restaurant in a thriving college town setting. The property is located at 2957 NY-23, West Oneonta, NY 13861, in Otsego County. The building's 4,800 square feet provides ample space for dining, kitchen operations, and storage. The property's location on a major road and proximity to a tourist attraction guarantees a steady stream of potential customers. This is an excellent investment opportunity for an experienced restaurateur looking to expand their business or for a new entrepreneur seeking a ready-made operation in a desirable location. The asking price reflects the property's strong potential for continued success and growth.

    Property Features for 2957 Ny-23

    General Information

    Property type
    Restaurants
    Square Feet
    4,800 SF

    HighLights

    • Turnkey restaurant opportunity in West Oneonta, NY, on a major road near a tourist attraction.
    • 4,800 SF free‑standing building on a 3‑acre lot.
    • 100% occupancy, priced at $795,000 ($165.62/SF).
    • Excellent visibility and accessibility, ideal for locals and tourists.
    • Significant expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Garden Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    West Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.157752
    Latitude
    42.522915

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 2957 Ny-23 West Oneonta, NY.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity in West Oneonta, NY, on a major road near a tourist attraction.; 4,800 SF free-standing building on a 3-acre lot.; 100% occupancy, priced at $795,000 ($165.62/SF).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2957 Ny-23 West Oneonta, NY 13861
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