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    OFF-MARKET
    Specialty properties

    105-107 Central Ave, Owego, NY 13827

    5,250 SF 0.38 ac lot Built 1930
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US63-3465271
    Property summary
    AI-generated overview

    This exceptional retail property, located at 105-107 Central Ave in Owego, NY, presents a unique investment opportunity. The 5,250 square foot building, constructed in 1930, sits on a substantial 16,553 square foot double lot, offering ample parking. The property is classified as Class C and boasts a spacious open layout, perfect for a variety of uses. The building features two floors, each approximately 5,000 square feet, with a solid I-beam and post construction and 12x2 floor joists. The ground floor includes a garage bay opening, adding to its versatility. Significant upgrades were completed in 2011, including the installation of three-phase electric and two new furnaces. The basement provides additional space with 9-foot-6-inch ceilings. The first floor offers a functional kitchen, bedroom, and a partially finished bathroom. This prime Owego location offers convenient access to Routes 17 and 434, placing it near shops and restaurants. The asking price is $145,000, translating to $27.62 per square foot. Tax map numbers are 128.08-7-48 and 128.08-7-49. This property is ideal for a variety of businesses seeking a well-maintained space with significant potential.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1930
    Total area 5,250 SF
    Lot 0.38 ac (16,553 SF)
    Zoning code ZONE
    APN 493001 128.08-7-48
    UPID US63-3465271
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Sondra & Leonard · 10 yrs held
    Sondra & Leonard
    since 2015
    1 recorded transaction
    2015
    $32,000
    Zoning & alternative use
    ZONE · Owego, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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