Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    748 State Highway 28 Oneonta, NY 13820

    Sponsored
    For Sale
    $2,000,000

    Restaurant & Hotel, High Visibility, NY

    Property size:
    3,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two buildings totaling 8,750 square feet situated on a highly visible, prime retail location in Oneonta, New York. The property boasts a commanding presence on State Highway 28, a main retail thoroughfare, benefiting from a traffic count exceeding 11,000 vehicles per day. The main building, formerly a restaurant, offers 5,500 square feet of space, ideal for a variety of food service concepts. Adjacent is a second, two-story building, previously used as a hotel, encompassing 3,250 square feet. This presents a unique opportunity for expansion, redevelopment, or conversion to suit a variety of uses. The property is located in the heart of the market, representing the last developable parcel in this desirable area. A traffic light at the intersection further enhances visibility and accessibility. The asking price for this unique dual-building property is $2,000,000. This is a rare chance to acquire a substantial commercial property in a thriving location with significant potential for growth and return on investment. The property's size, location, and high traffic volume make it an attractive proposition for both established businesses and new ventures. The buildings are ready for immediate occupancy or redevelopment, offering flexibility to suit a wide range of business plans.

    Property Features for 748 State Highway 28

    General Information

    Property type
    Restaurants
    Square Feet
    3,250 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Two buildings totaling 8,750 square feet.
    • Former restaurant space: 5,500 SF.
    • Former hotel space: 3,250 SF (two stories).
    • Signalized intersection for high visibility.
    • Prime retail location in Oneonta, NY.
    • Last developable parcel in this desirable area.
    Property Profile 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
    -75.0531125
    Latitude
    42.446609

    Nearby Similar for Sale

    • $269,000
      Pending

      Oneonta Multifamily Investment Opportunity

      8-bedroom multifamily near SUNY Oneonta and Hartwick College.
      31 Cedar St, Oneonta, NY 13820
      View Details
    • $1,200,000
      5,448 SF

      Turnkey Medical Facility Investment Opportunity

      Fully leased medical facility in Oneonta's West End with renewal option.
      6 Country Club Rd, Oneonta, NY 13820
      View Details
    • $345,000
      3,448 SF

      West Oneonta Multi-Family Investment Property

      Multi-family property near Cooperstown All-Star Village with investment potential.
      17 Olen Houck St, Oneonta, NY 13820
      View Details
    • $1,200,000
      5,448 SF

      Turnkey Medical Facility in Oneonta

      Fully leased medical facility in Oneonta's West End.
      6 Country Club Rd, Oneonta, NY 13820
      View Details
    • New
      $349,900
      3,050 SF

      Turn-Key Restaurant/Retail Venue with Apartment

      Unique indoor/outdoor venue with apartment near I88 and downtown.
      248 River St, Oneonta, NY 13820
      View Details
    • New
      $289,900
      Pending

      Oneonta Mixed-Use Commercial Opportunity

      Multi-use property near hospital with drive-through potential.
      432-434 Main St, Oneonta, NY 13826
      View Details
    • $249,900
      Pending

      Two-Family Investment Property, Oneonta, NY

      Two-unit property with strong rental history near downtown and colleges.
      37 Church St, Oneonta, NY 13820
      View Details
    • $550,000
      4,000 SF

      Turn-Key Restaurant with Residential Bonus

      Fully equipped restaurant with seating for 108 and residential home.
      5534-5536 State Highway 7, Oneonta, NY 13820
      View Details
    • $550,000
      4,000 SF

      Turn-Key Restaurant with Residential Bonus

      Fully equipped restaurant with 3-bedroom home on 1.44 acres.
      5536 St Hwy 7, Oneonta, NY 13820
      View Details
    • $210,000
      Pending

      Charming Oneonta Duplex Opportunity

      Well-maintained duplex near downtown Oneonta, ideal for owner-occupancy or investment.
      19-21 Otsego St, Oneonta, NY 13820
      View Details
    • $149,000
      2,000 SF

      Two-Unit Multifamily Property in Oneonta

      Two-unit multifamily property with income potential in central Oneonta.
      16-18 Brook St, Oneonta, NY 13820
      View Details
    • $317,514
      3,768 SF

      Oneonta Three-Unit Apartment Building

      Three-unit apartment building near downtown with strong rental income.
      46 Church St, Oneonta, NY 13820
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant & Hotel, High Visibility, NY
    Where is this restaurant located?
    The property is located at 748 State Highway 28 Oneonta, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Two buildings totaling 8,750 square feet.; Former restaurant space: 5,500 SF.; Former hotel space: 3,250 SF (two stories).
    Request Owner's contact information
    748 State Highway 28 Oneonta, NY 13820
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    748 State Highway 28
    Oneonta, NY 13820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    748 State Highway 28 Oneonta, NY 13820
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.