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Property profile

26 Main St Oneonta, NY 13820

OFF-MARKET
Turn key restaurants
Property ID
US63-3157172
6,872 SF 0.77 ac lot Built 1970
Individually Owned Free & Clear

Property summary

AI-generated overview

This exceptional mixed-use property at 26 Main Street, Oneonta, NY 13820, presents a unique investment opportunity. The 7,754 square foot, two-story building, originally constructed in 1970 and extensively renovated in 1995, boasts a prominent 163-foot Main Street frontage, ensuring high visibility and traffic counts. Currently vacant, this versatile space is zoned commercial, offering a multitude of possibilities, including a restaurant, microbrewery, wellness center, bed and breakfast, or art gallery. The property includes two on-site apartments totaling 2,300 square feet, each with three bedrooms and three bathrooms, providing an additional revenue stream. A full liquor license extends to the outdoor seating area. Ample parking is available with 50 spaces. The property sits on a 0.77-acre lot and features a recently updated HVAC system (furnace, hot water heater, and AC unit, all two years old). The asking price is $1,475,000, translating to $190.22 per square foot. Its central location near I-88 and picturesque parks offers both accessibility and tranquility. A breathtaking balcony provides a city view. This property offers a blend of commercial and residential potential in a desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 6,872 SF
Lot 0.77 ac (33,541 SF)
Zoning code 420
APN 361200 300.10-1-29
UPID US63-3157172

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Zoning & alternative use

420 · Oneonta, NY

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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