Property profile

212 Main St Otego, NY 13825

OFF-MARKET
Turn key restaurants
Property ID
US63-4335859
5,392 SF 1.3 ac lot Built 1975
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property in Otego, NY, presents a unique investment opportunity. Located at 212 Main St, this 10,784 square foot building sits on a sizable 3.6-acre lot, offering unparalleled visibility from Interstate 88 and NY-7. The property boasts a substantial restaurant space, totaling 8,133 square feet (5,179 square feet above grade and 2,954 square feet below grade, including walk-in coolers and prep areas). This expansive area is ready for immediate occupancy, complete with existing restaurant equipment. Adding to the investment potential are three income-generating residential apartments, measuring 635, 740, and 1,276 square feet respectively. The total above-grade building square footage is 7,830 square feet, with an additional 2,954 square feet below grade. The property features ample parking and convenient access, along with village water service. The building, estimated to be from 1975, is situated on two combined lots totaling 3.6 acres. This versatile property offers the potential for continued restaurant operation or creative adaptation for a variety of business uses, making it an exceptional opportunity in central New York.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Total area 5,392 SF
Lot 1.3 ac (56,628 SF)
APN 364801 317.19-1-64.00
UPID US63-4335859

Cap rate & NOI

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

Location

212 Main St Otego, NY 13825-2164
Otego metro Census 591401 ONEONTA, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

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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