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Property profile

2591 St Hwy Otego, NY 13825

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial property in Otego, NY, presents a unique investment opportunity. Priced at $1,750,000, this 80+ acre parcel boasts a diverse range of existing structures and zoning that allows for residential, agricultural, and numerous commercial uses, including a Special Use Permit. The property includes a former 20,000 square foot automotive restoration, sales, and service building, complete with a 9,100 square foot Class-A lobby, office, and showroom featuring high-end finishes like ceramic tile and wood wainscoting. This area also includes offices, a conference room, showroom, breakroom with kitchen/baths/shower, and a parts/store room. A connected 4,900 square foot repair shop offers radiant heat and supplemental recycled oil heating, multiple overhead doors, and 16' high ceilings. A separate 7,000 square foot building houses a clean room, machine shop, paint booth, detailing area, and mechanic's shop. Further enhancing the income potential is a fully operational 4,000 square foot, three-bay car wash facility, included in the sale. A third building, totaling 5,100+ square feet, provides 2,600 square feet of garage/warehouse space and a 2,500 square foot sandblast area. The property also features a 130-space parking lot with heated entry sidewalks. This versatile property offers significant potential for various commercial ventures and immediate cash flow. The property is located at 2591 St Hwy 7, Otego, NY 13825.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2591 St Hwy Otego, NY 13825
Otego metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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