5059 State Hwy 23, Oneonta, NY 13820-3566
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.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
1 · Oneonta, NYOneonta. Always verify with local authorities before improvements.
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.