State Highway 7, Maryland, NY 12116
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.