432 Main StOneonta, NY 13820

Property Details for 432 Main St

Year built

1986

Lot size

0.21 AC

Property size (Sq ft)

2,918 SF

Zone code

610

Property type

Investment properties

Property subtype

Live-work space

APN

361200 288.19-1-75

APU

36120028819175

Description

This exceptional mixed-use property at 432-434 Main Street, Oneonta, NY, presents a unique investment opportunity. The 2,837 square foot building, constructed in 1883, boasts a desirable location just one block from A.O. Fox Memorial Hospital. The property features a first-floor office space ideal for medical or traditional office use, including a large reception area, multiple exam rooms, various offices, and an executive suite with a private bathroom. A charming two-bedroom apartment occupies the second floor, boasting a strong rental history for both short-term and long-term tenants. The property includes a double lot, providing access from Main Street and Fifth Street, and sits within the MU2 "Mixed Use" zone. Further potential exists in the unfinished attic space, offering significant upside for long-term investors seeking to expand the usable area. The rear of the property abuts the hospital's private parking lot, adding to its convenience and appeal. This 0.4-acre lot, housed in a single two-story building, offers a blend of commercial and residential income streams in a high-demand location. The asking price is $399,500.

• CAP approach

  CAP return

  Valuation

  6%

  $724,876

  6.5%

  $669,117

  7%

  $621,323

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,829

  Geo Method

  $381,266

• Alternative Use

  Use

  Valuation

  Residential

  $829,705

  Hospitality

  $760,005

  Educational

  $632,315

  Medical

  $654,062

  Retail

  $983,602

Location Insight

City

Oneonta

County

Otsego

State

New York

Latitude

42.4581

Longitude

-75.0502

CBSA code

36580

CBSA name

ONEONTA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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