16-20 Lewis St Oneonta, NY 13820

Property Details for 16-20 Lewis St

Year built

1980

Lot size

0.72 lot acres

Property size

3,200 SF

Zone code

510

Property type

Investment properties

Property subtype

Live-work space

APN

361200 300.6-4-41.1

APU

36120030064411

Description

This exceptional mixed-use property at 16-20 Lewis Street in Oneonta, NY, presents a unique investment opportunity. The 0.72-acre lot boasts a 6,400 square foot building, strategically located at the corner of Lewis Street and Delaware Avenue, offering high visibility and accessibility. The property currently features two units. The front portion, a charming two-story building (approximately 2,400 square feet), is currently leased until July 2025 at $1,200 per month plus utilities. The remaining 4,000 square feet of the building offers versatile space suitable for retail, office, or workshop/warehouse uses and will be vacant upon closing. This allows for immediate occupancy and customization to suit your business needs. The property's significant advantage lies in its undeveloped rear half, offering approximately half an acre ready for expansion. This expansive area presents a multitude of development possibilities, including warehouse space, manufacturing facilities, or storage units, allowing for significant future growth and income generation. The property includes 40 parking spaces and was built in 1920. The asking price is $245,000, translating to $38.28 per square foot. This presents a compelling opportunity to acquire a well-located, income-producing property with substantial expansion potential in a thriving commercial area. The property is zoned for mixed-use, offering flexibility for a variety of business ventures.