State Highway 7 Maryland, NY 12116
- Commercial real estate
- 2,650 SF
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for State Highway 7
- Year built
- 1900
- Lot size
- 0.16 lot acres
- Property size
- 2,650 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located on State Highway 7 in Maryland, NY, presents a unique investment opportunity. Boasting 2,650 square feet on a 0.16-acre lot, the building offers three distinct units, ensuring diverse income streams. A key advantage is the existing lease with the United States Postal Service (USPS), providing immediate and consistent rental income. Ample parking is available for tenants and customers. The ground floor offers versatile space ideal for conversion into a residential apartment or retail storefront, depending on the buyer's vision. Upstairs, a substantial unit features a large room, a full kitchen, a bathroom, and a former grand hall, perfect for a variety of uses, from office space to residential conversion. The property's strategic location in Schenevus, with its close proximity to Oneonta and convenient access to I-88, ensures high visibility and accessibility. This affordable commercial space offers endless possibilities for entrepreneurs and investors seeking a strong return on investment. The combination of a stable USPS tenant and the potential for additional income streams makes this a truly compelling opportunity. The property is priced at $89,900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maryland
- County
- Otsego
- State
- New York
- Longitude
- -74.8562
- Latitude
- 42.5408