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    432 Main St Oneonta, NY 13820

    Sponsored
    For Sale
    $399,500

    Prime Oneonta Investment Opportunity

    Property size:
    2,837 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 432-434 Main Street, Oneonta, NY, presents a unique investment opportunity. The 2,837 square foot building, constructed in 1883, boasts a desirable location just one block from A.O. Fox Memorial Hospital. The property features a first-floor office space ideal for medical or traditional office use, including a large reception area, multiple exam rooms, various offices, and an executive suite with a private bathroom. A charming two-bedroom apartment occupies the second floor, boasting a strong rental history for both short-term and long-term tenants. The property includes a double lot, providing access from Main Street and Fifth Street, and sits within the MU2 "Mixed Use" zone. Further potential exists in the unfinished attic space, offering significant upside for long-term investors seeking to expand the usable area. The rear of the property abuts the hospital's private parking lot, adding to its convenience and appeal. This 0.4-acre lot, housed in a single two-story building, offers a blend of commercial and residential income streams in a high-demand location. The asking price is $399,500.

    Property Features for 432 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,837 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1883
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional mixed‑use investment opportunity at 432‑434 Main Street, Oneonta, NY.
    • 2,837 square foot building, constructed in 1883, one block from A.O. Fox Memorial Hospital.
    • First‑floor office space ideal for medical or general office use, featuring reception area, exam rooms, offices, and executive suite.
    • Second‑floor two‑bedroom apartment with strong rental history.
    • Double lot with Main and Fifth Street access, MU2 zoning.
    • Unfinished attic space offers expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Egal Mohamed MD Geriatrician Cardiology Associates-Oneonta Medical Clinic

    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
    -75.0501858
    Latitude
    42.458148

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    FAQs

    What type of property is this?
    Multifamily property - Prime Oneonta Investment Opportunity
    Where is this multifamily property located?
    The property is located at 432 Main St Oneonta, NY.
    What is the asking price?
    The asking price for this property is $399,500.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity at 432-434 Main Street, Oneonta, NY.; 2,837 square foot building, constructed in 1883, one block from A.O. Fox Memorial Hospital.; First-floor office space ideal for medical or general office use, featuring reception area, exam rooms, offices, and executive suite.
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    432 Main St 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
    432 Main St Oneonta, NY 13820
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