58-60 Market St, Oneonta, NY 13820
Lovingly restored historic rail station suitable for retail or office.
- 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
Listing office EXP Commercial - Vega (585) 735-7739
Listing date Dec 18, 2023
Source Crexi
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.0595124
- Latitude
- 42.4526381