Current Use by Public Records
- Capresso Coffee Bar / Cafe & Coffee Shop
Property Details for 215 Main St
- Year built
- 1920
- Lot size
- 0.08 lot acres
- Property type
- Office Spaces
Description
This exceptional 7,050 square foot commercial building is ideally situated across from Muller Plaza in the heart of downtown Oneonta, NY. The property boasts a strong, established income stream generated by a long-term tenant occupying the first floor, a successful eatery. Above the commercial space, four upscale, three-bedroom apartments provide twelve rental units, significantly enhancing the property's revenue potential. Each apartment offers comfortable living spaces, contributing to high occupancy rates and consistent rental income. The building is well-maintained and requires minimal upkeep, allowing for easy management and maximized returns. On-site laundry facilities are provided for the convenience of residential tenants. The 0.08-acre lot offers ample space for potential future expansion or outdoor amenities. This turnkey investment presents a rare opportunity to acquire a profitable, established commercial property in a thriving downtown location. The six-figure cash flow potential makes this an attractive investment for those seeking a stable and growing income stream. The building's versatile layout and prime location offer significant upside potential for future growth and development. Don't miss this chance to secure a valuable asset in a desirable New York market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.0617
- Latitude
- 42.4545
