215-217 Main St Oneonta, NY 13820
- Investment properties
- 7,272 SF
- 0.08 lot acres
Current Use by Public Records
- Investment properties
Property Details for 215-217 Main St
- Year built
- 1980
- Lot size
- 0.08 lot acres
- Property size
- 7,272 SF
- Zone code
- 320
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 361200 300.23-1-12
- APU
- 36120030023112
Description
This exceptional mixed-use property at 215-217 Main Street in Oneonta, NY, presents a lucrative investment opportunity. The 7,050 square foot building, constructed in 1920, boasts a prime downtown location directly across from Muller Plaza. This three-story structure comprises five units: a long-established ground-floor commercial space and four upscale three-bedroom apartments on the upper floors, providing a total of twelve bedrooms for rental income. The building sits on a 0.08-acre lot and offers on-site laundry facilities for residential tenants. The property's versatile nature and established tenant base contribute to a significant and consistent cash flow. This easy-to-manage building represents a stable investment with excellent potential for continued growth and profitability. The asking price is $779,000. The property is located in Otsego County, NY, zip code 13820. This is a rare opportunity to acquire a well-established, income-producing property in a thriving downtown area. Don't miss this chance to secure a substantial and reliable income stream.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $370,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $445,000
- Retail
- $400,000
- Mixed-Use
- $345,000
- Hospitality
- $340,000
- Educational
- $380,000
- Residential Income
- $390,000
- Energy
- $415,000
- Income-Based Land
- $365,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.0618
- Latitude
- 42.4545
- CBSA code
- 36580
- CBSA name
- ONEONTA, NY MICROPOLITAN STATISTICAL AREA