Property profile

5059 State Hwy 23 Oneonta, NY 13820

OFF-MARKET
Motels
Property ID
US63-3817043
5,910 SF 1.12 ac lot Built 1980
Entity Owned 9-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1-acre property, located at 5059 State Highway 23 in Oneonta, New York, presents a unique investment opportunity. Priced at $1,600,000, this expansive parcel offers significant potential for a variety of commercial ventures. The property's strategic location along State Highway 23 ensures high visibility and accessibility, making it ideal for businesses seeking strong exposure to a substantial traffic flow. The sheer size of the land provides ample space for development, allowing for flexibility in design and construction plans. Given its prime location and considerable acreage, this property is well-suited for a range of commercial uses, from retail establishments and restaurants to light industrial facilities or office spaces. The absence of existing structures allows for complete customization, enabling prospective buyers to create a development that perfectly aligns with their specific business needs and vision. This is a rare chance to acquire a significant piece of land in a thriving New York community, offering substantial potential for long-term growth and return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is categorized as "Other" in terms of property type, indicating its versatility and adaptability to diverse commercial applications. Further due diligence is recommended to fully assess the zoning regulations and development possibilities.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1980
Total area 5,910 SF
Lot 1.12 ac (48,787 SF)
Zoning code 1
APN 364600 300.00-3-95.00
UPID US63-3817043

Cap rate & NOI

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

Location

5059 State Hwy 23 Oneonta, NY 13820-3566
Oneonta metro Census 590800 ONEONTA, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2017
3 recorded transactions
2021
Price N/A
2017
Price N/A
1969
Price N/A

Zoning & alternative use

1 · 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5059 State Hwy 23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message