Property profile

105-107 Central Ave Owego, NY 13827

OFF-MARKET
Specialty properties
Property ID
US63-3465271
5,250 SF 0.38 ac lot Built 1930
Individually Owned 10-yr Hold Free & Clear
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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

Location

105-107 Central Ave Owego, NY 13827
Owego metro Census 20500 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2015
1 recorded transaction
2015
$32,000

Zoning & alternative use

ZONE · Owego, NY

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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