For Sale
$2,000,000

748 State Highway 28 Oneonta, NY 13820

Restaurant & Hotel, High Visibility, NY

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents two buildings totaling 8,750 square feet situated on a highly visible, prime retail location in Oneonta, New York. The property boasts a commanding presence on State Highway 28, a main retail thoroughfare, benefiting from a traffic count exceeding 11,000 vehicles per day. The main building, formerly a restaurant, offers 5,500 square feet of space, ideal for a variety of food service concepts. Adjacent is a second, two-story building, previously used as a hotel, encompassing 3,250 square feet. This presents a unique opportunity for expansion, redevelopment, or conversion to suit a variety of uses. The property is located in the heart of the market, representing the last developable parcel in this desirable area. A traffic light at the intersection further enhances visibility and accessibility. The asking price for this unique dual-building property is $2,000,000. This is a rare chance to acquire a substantial commercial property in a thriving location with significant potential for growth and return on investment. The property's size, location, and high traffic volume make it an attractive proposition for both established businesses and new ventures. The buildings are ready for immediate occupancy or redevelopment, offering flexibility to suit a wide range of business plans.

Highlights

  • Two buildings totaling 8,750 square feet.
  • Former restaurant space: 5,500 SF.
  • Former hotel space: 3,250 SF (two stories).
  • Signalized intersection for high visibility.
  • Prime retail location in Oneonta, NY.
  • Last developable parcel in this desirable area.

Property Details for 748 State Highway 28

Property type
Retail properties, Restaurants
Square Feet
3,250 SF
Buildings
2
Stories
2

Location Insight

City
Oneonta
County
Otsego
State
New York
Latitude
42.446609
Longitude
-75.0531125
748 State Highway 28, Oneonta, New York

FAQs

What type of property is this?
Retail property - Restaurant & Hotel, High Visibility, NY
Where is the retail property located?
The property is located at 748 State Highway 28 Oneonta, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two buildings totaling 8,750 square feet.; Former restaurant space: 5,500 SF.; Former hotel space: 3,250 SF (two stories).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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748 State Highway 28
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