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    5097 State Highway 23 Oneonta, NY 13820

    Sponsored
    For Sale
    $1,200,000

    2.53 Acres, Route 23 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional 2.53-acre development site in Oneonta, NY, is now available for sale. This property boasts a highly desirable location directly across from a Walmart Supercenter, offering unparalleled visibility and accessibility. The land comprises three parcels totaling approximately 496 feet of frontage on State Highway 23, providing ample space for a variety of commercial development projects. Its strategic position offers convenient access from Interstate 88, Exit 15, ensuring easy access for customers and employees. The area is thriving, with a strong presence of national retailers including Lowe's, TJ Maxx, Dick's Sporting Goods, and numerous restaurants. The proximity to Hartwick College and SUNY Oneonta guarantees a substantial and consistent population base. The current owner is open to exploring both sale and lease options, and will also consider build-to-suit opportunities, making this a versatile and attractive investment opportunity. The asking price is $1,200,000. This prime location and flexible ownership options present a unique chance to capitalize on the robust commercial activity in Oneonta. The property's zoning and potential uses should be independently verified.

    Property Features for 5097 State Highway 23

    General Information

    Property type
    Land
    Lot Size
    110,207 SF

    HighLights

    • 2.53± acre commercial development site available for sale or lease in Oneonta, NY.
    • Three parcels totaling 496± feet of frontage on Route 23.
    • Excellent access from I‑88, Exit 15.
    • Strong demographics due to proximity to Hartwick College and SUNY Oneonta.
    • High‑traffic location with nearby national retailers including Walmart, Lowe's, TJ Maxx, and Dick's Sporting Goods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -75.0375604
    Latitude
    42.4490038

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    FAQs

    What type of property is this?
    Land - 2.53 Acres, Route 23 Frontage
    Where is this land located?
    The property is located at 5097 State Highway 23 Oneonta, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 2.53± acre commercial development site available for sale or lease in Oneonta, NY.; Three parcels totaling 496± feet of frontage on Route 23.; Excellent access from I-88, Exit 15.
    Request Owner's contact information
    5097 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
    5097 State Highway 23 Oneonta, NY 13820
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