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    OFF-MARKET
    Motels

    5059 State Hwy 23, Oneonta, NY 13820-3566

    5,910 SF 1.12 ac lot Built 1980
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US63-3817043
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Omjaishivram INC · 9 yrs held
    Omjaishivram INC
    since 2017
    3 recorded transactions
    2021
    2017
    1969
    Zoning & alternative use
    1 · Oneonta, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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