26 Main StOneonta, NY 13820

Property Details for 26 Main St

Year built

1970

Lot size

0.77 AC

Property size (Sq ft)

6,872 SF

Zone code

420

Property type

Turn key restaurants

APN

361200 300.10-1-29

APU

36120030010129

Description

This exceptional mixed-use property at 26 Main Street, Oneonta, NY 13820, presents a unique investment opportunity. The 7,754 square foot, two-story building, originally constructed in 1970 and extensively renovated in 1995, boasts a prominent 163-foot Main Street frontage, ensuring high visibility and traffic counts. Currently vacant, this versatile space is zoned commercial, offering a multitude of possibilities, including a restaurant, microbrewery, wellness center, bed and breakfast, or art gallery. The property includes two on-site apartments totaling 2,300 square feet, each with three bedrooms and three bathrooms, providing an additional revenue stream. A full liquor license extends to the outdoor seating area. Ample parking is available with 50 spaces. The property sits on a 0.77-acre lot and features a recently updated HVAC system (furnace, hot water heater, and AC unit, all two years old). The asking price is $1,475,000, translating to $190.22 per square foot. Its central location near I-88 and picturesque parks offers both accessibility and tranquility. A breathtaking balcony provides a city view. This property offers a blend of commercial and residential potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,509,454

  6.5%

  $2,316,419

  7%

  $2,150,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,277,906

  Geo Method

  $2,262,697

• Alternative Use

  Use

  Valuation

  Residential

  $1,953,986

  Hospitality

  $1,789,840

  Educational

  $1,489,126

  Medical

  $1,540,340

  Retail

  $2,316,419

Location Insight

City

Oneonta

County

Otsego

State

New York

Latitude

42.4478

Longitude

-75.0634

CBSA code

36580

CBSA name

ONEONTA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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