Property profile

408 Miller St Oriskany, NY 13424

OFF-MARKET
Investment properties
Property ID
US63-1278775
1,360 SF 0.22 ac lot Built 1950
Individually Owned 23-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,360 square foot commercial property in Oriskany, NY, presents a unique investment opportunity. Situated on a 0.22-acre lot at 408 Miller Street, this property seamlessly blends commercial and residential space, offering unparalleled flexibility. The building's layout allows for a variety of uses, from operating a business from the commercial space while residing in the attached apartment, to generating rental income from the apartment to offset operational costs. The apartment itself boasts a spacious and comfortably sized bedroom filled with natural light, a large living room perfect for entertaining, and a fully modernized kitchen featuring a sizable island ideal for cooking, dining, or casual gatherings. The inclusion of in-unit laundry adds to the convenience. All rooms have been updated with modern finishes and fixtures, ensuring a move-in ready condition. The property is priced at $199,900 and offers significant potential for return on investment, whether through business operations or rental income. This is a rare opportunity to acquire a versatile property in a desirable location. The property is also listed under a separate residential MLS number.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Total area 1,360 SF
Lot 0.22 ac (9,600 SF)
Zoning code 01 - NOT ZONED
APN 307001 276.014-1-9
UPID US63-1278775

Cap rate & NOI

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

Location

408 Miller St Oriskany, NY 13424-5048
Oriskany metro Census 26100 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

Zoning & alternative use

01 - NOT ZONED · Oriskany, 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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