Property profile

748 State Highway 28 Oneonta, NY 13820

FOR SALE
Turn key restaurants
Property ID
US63-2080635
9,520 SF 1.08 ac lot Built 1970
Entity Owned 30-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.08-acre commercial property, located at 748 State Highway 28 in Oneonta, New York, presents a unique investment opportunity. Zoned for commercial use, this single-tenant site boasts a highly visible location with a convenient curb cut, ideal for a variety of retail businesses or restaurants. The property's versatile zoning allows for flexibility in development plans. The land itself is a significant asset, offering ample space for building construction or expansion. With a total building square footage of 1 square foot and an equal amount of vacant square footage, this property is ready for immediate development. The property's location in Otsego County, New York, provides access to a thriving local market and strong community presence. The 13820 zip code offers convenient access to major transportation routes, ensuring high visibility and accessibility for potential businesses. This is a rare opportunity to acquire a prime commercial parcel in a desirable location, perfect for entrepreneurs seeking to establish a new business or expand an existing one. The property's single-tenant status offers simplicity and control, making it an attractive option for investors seeking a straightforward investment. The combination of prime location, ample land, and flexible zoning makes this property a truly exceptional opportunity. Don't miss out on this chance to secure a valuable asset in a growing market.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 9,520 SF
Lot 1.08 ac (47,045 SF)
APN 364600 300.14-1-3.00
UPID US63-2080635

Cap rate & NOI

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

Location

748 State Highway 28 Oneonta, NY 13820
Oneonta metro Census 590800 ONEONTA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$640k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $930,000 +6.4%

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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