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    5009 State Highway 23 Oneonta, NY 13820

    For Sale
    $550,000

    Prime Oneonta Office Space - High Traffic Location

    Property size:
    1,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,080 square foot executive office building, located at 5009 State Highway 23 in Oneonta, New York, presents a unique investment opportunity. Built in 1990, this Class C property sits on a 0.49-acre lot, offering significant potential for development. The asking price is $550,000, translating to $509.26 per square foot. Its strategic location on the highly trafficked State Highway 23 (Route 23), boasting over 13,000 vehicles per day, ensures exceptional visibility and accessibility. Situated in the heart of Oneonta's retail corridor on the desirable south side, this property is conveniently located near a regional mall, making it an ideal location for a variety of businesses. The property's size and location make it particularly well-suited for businesses seeking high visibility and convenient access to a large customer base. The 0.5-acre lot provides ample space for expansion or future development. This is one of the last undeveloped parcels on this prime commercial thoroughfare, representing a rare opportunity to establish a presence in a thriving retail area. The property's zoning and potential uses should be independently verified.

    Property Features for 5009 State Highway 23

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,080 SF
    Class
    C
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1990

    HighLights

    • High‑traffic location on Route 23, boasting over 13,000 vehicles per day.
    • 0.5‑acre lot ideal for development.
    • Excellent visibility for a variety of businesses.
    • High visibility location.
    • Traffic count exceeds 13,000 vehicles per day (VPD).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.0456875
    Latitude
    42.4489163

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Oneonta Office Space - High Traffic Location
    Where is this office property / space located?
    The property is located at 5009 State Highway 23 Oneonta, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: High-traffic location on Route 23, boasting over 13,000 vehicles per day.; 0.5-acre lot ideal for development.; Excellent visibility for a variety of businesses.
    Request Owner's contact information
    5009 State Highway 23 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
    5009 State Highway 23 Oneonta, NY 13820
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