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    OFF-MARKET
    Turn key restaurants

    212 Main St, Otego, NY 13825-2164

    5,392 SF 1.3 ac lot Built 1975
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US63-4335859
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Graziella Angilletta · 7 yrs held
    Graziella Angilletta
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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