5009 State Highway 23, Oneonta, NY 13820
For Sale
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This exceptional 1,080 square foot executive office building, located at 5009 State Highway 23 in Oneonta, New York, presents a unique investment opportunity. Built in 1990, this Class C property sits on a 0.49-acre lot, offering significant potential for development. The asking price is $550,000, translating to $509.26 per square foot. Its strategic location on the highly trafficked State Highway 23 (Route 23), boasting over 13,000 vehicles per day, ensures exceptional visibility and accessibility. Situated in the heart of Oneonta's retail corridor on the desirable south side, this property is conveniently located near a regional mall, making it an ideal location for a variety of businesses. The property's size and location make it particularly well-suited for businesses seeking high visibility and convenient access to a large customer base. The 0.5-acre lot provides ample space for expansion or future development. This is one of the last undeveloped parcels on this prime commercial thoroughfare, representing a rare opportunity to establish a presence in a thriving retail area. The property's zoning and potential uses should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.