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    FOR SALE
    Turn key restaurants

    58-60 Market St, Oneonta, NY 13820

    5,106 SF 0.41 ac lot Built 1970
    Individually Owned 25-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1866215
    Property summary
    AI-generated overview

    This exceptional 8,000-square-foot commercial property, located at 58-60 Market Street in Oneonta, New York, presents a unique investment opportunity. Originally constructed in 1892 as a former rail station, this building underwent a loving restoration in 1970, seamlessly blending historical charm with modern conveniences. Currently vacant, the property is zoned MU-1 and sits on a 0.41-acre lot (APN: 361200-300-006-0002-029-000-0000). The asking price is $1,400,000. Ideal for a variety of uses, including restaurant, retail, medical, or professional offices, the space even allows for a three-store mini-mall setup with separate heating systems. A full kitchen and bar are already in place, and the property boasts a new roof (2023) and a highly efficient mini-split HVAC system (2021). Its prime location offers excellent visibility, being just steps from the Foothills Performing Arts Center, Main Street's shopping corridor, a city park, banking facilities, and other retail establishments. The building's proximity to the Clarion Hotel further enhances its appeal. All existing contents and equipment are negotiable. This is a truly remarkable property with significant potential for a discerning buyer. The property's history and prime location make it an exceptional investment opportunity in the heart of Oneonta.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1970
    Total area 5,106 SF
    Lot 0.41 ac (17,860 SF)
    Zoning code 352
    APN 361200 300.6-2-29
    UPID US63-1866215
    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
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    Owner & transaction history
    ANTONIO AVANZATO
    ANTONIO AVANZATO
    Zoning & alternative use
    352 · Oneonta, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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