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    OFF-MARKET
    Land

    5198 Ny-23, Oneonta, NY 13820

    3.28 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.28-acre commercial land parcel presents a prime development opportunity in Oneonta, New York. Located at 5198 NY-23, this property boasts excellent visibility and accessibility from Route 23, a major thoroughfare. The site benefits from its strategic location adjacent to the Quality Inn Hotel and Banquet Center, and directly across from Interstate 88, ensuring high traffic volume and prominent exposure. A former building has been completely demolished, and the land is now graded and ready for immediate development. The property is zoned for commercial use, making it ideal for a wide range of projects, including retail establishments, service businesses, or office spaces. This location offers unparalleled convenience and visibility, making it an attractive investment for developers seeking a high-impact commercial venture. The property is offered at $495,000 and is situated in Otsego County, New York, with a zip code of 13820. This is a rare opportunity to acquire a prepared development site in a high-traffic area with significant potential for growth and return on investment. The site's flat, graded nature simplifies construction planning and reduces initial development costs. Don't miss this chance to secure a prime location for your next commercial project.

    Property profile
    Verified
    Property type Land
    Lot 3.28 ac (142,877 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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