Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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