Property profile

114 Madison St Oneida, NY 13421

FOR SALE
Investment properties
Property ID
US63-1010942
6,884 SF 0.05 ac lot Built 1961
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property located at 114 Madison Street in Oneida, NY, presents a unique turnkey business opportunity. The building encompasses 9,184 square feet and is situated on a 0.05-acre lot. The three-story structure offers significant space, with the first and second floors currently finished and operational. All existing inventory is included in the sale price of $229,900, making this a truly seamless transition for a new owner. The building's full basement provides ample storage, while the third floor serves as additional storage space. The property is being offered as a complete package, including the building and all inventory, for a turnkey operation. Alternatively, the three-story building can be purchased separately for $249,900, excluding the inventory. This presents a flexible acquisition opportunity for buyers seeking either an established business or a blank canvas for their own venture. The prime location in Oneida, NY, offers excellent visibility and accessibility, making this a highly desirable commercial property. This is a rare opportunity to acquire a well-established business or a substantial commercial building in a thriving community. The property's size and layout offer versatility for a wide range of commercial uses. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1961
Total area 6,884 SF
Lot 0.05 ac (2,178 SF)
Zoning code DC
APN 251201 30.72-1-59
UPID US63-1010942

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store

Location

114 Madison St Oneida, NY 13421
Oneida metro Census 30101 SYRACUSE, 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
$210k

Owner & transaction history

since 2009
2 recorded transactions
2009
$45,000
2009
Price N/A

Zoning & alternative use

DC · Oneida, NY
Zoning description

LE SOLAR ENERGY SYSTEM The components and subsystems required to convert solar energy into electric energy suitable for use. The term includes, but is not limited to, solar panels and solar energy equipment with a rated…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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