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    215-217 Main St Oneonta, NY 13820

    Sponsored
    For Sale
    $779,000

    Prime location, high cash flow, 5 units

    Property size:
    7,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 215-217 Main Street in Oneonta, NY, presents a lucrative investment opportunity. The 7,050 square foot building, constructed in 1920, boasts a prime downtown location directly across from Muller Plaza. This three-story structure comprises five units: a long-established ground-floor commercial space and four upscale three-bedroom apartments on the upper floors, providing a total of twelve bedrooms for rental income. The building sits on a 0.08-acre lot and offers on-site laundry facilities for residential tenants. The property's versatile nature and established tenant base contribute to a significant and consistent cash flow. This easy-to-manage building represents a stable investment with excellent potential for continued growth and profitability. The asking price is $779,000. The property is located in Otsego County, NY, zip code 13820. This is a rare opportunity to acquire a well-established, income-producing property in a thriving downtown area. Don't miss this chance to secure a substantial and reliable income stream.

    Property Features for 215-217 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,050 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    3
    Units
    5

    HighLights

    • Exceptional mixed‑use investment opportunity in downtown Oneonta, NY.
    • 7,050 sq ft, three‑story building on a 0.08‑acre lot, built in 1920.
    • Five units: one ground‑floor commercial space and four three‑bedroom apartments (twelve bedrooms total).
    • Prime downtown location across from Muller Plaza, offering strong rental income and a stable tenant base.
    • On‑site laundry facilities; asking price $779,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.061757
    Latitude
    42.454519

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high cash flow, 5 units
    Where is this individual retail property located?
    The property is located at 215-217 Main St Oneonta, NY.
    What is the asking price?
    The asking price for this property is $779,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in downtown Oneonta, NY.; 7,050 sq ft, three-story building on a 0.08-acre lot, built in 1920.; Five units: one ground-floor commercial space and four three-bedroom apartments (twelve bedrooms total).
    Request Owner's contact information
    215-217 Main St Oneonta, NY 13820
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    Oneonta, NY 13820
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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
    215-217 Main St Oneonta, NY 13820
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