156 Main StOneonta, NY 13820

Property Details for 156 Main St

Year built

1980

Lot size

0.04 AC

Property size (Sq ft)

5,040 SF

Zone code

320

Property type

Investment properties

Property subtype

Live-work space

APN

361200 300.31-1-26

APU

36120030031126

Description

This exceptional investment opportunity presents a meticulously maintained, fully occupied building situated on Main Street in the heart of historic downtown Oneonta, New York. The property encompasses a substantial 6,720 square feet and sits on a 0.04-acre lot. The building's diverse income stream is comprised of six residential rental units and three commercial rental spaces, providing a robust and stable cash flow. Adding to its versatility is a sizable 1,600-square-foot flex space with its own dedicated entrance. This adaptable area presents significant potential for expansion, allowing for an additional residential unit or further commercial rental opportunities, catering to a variety of tenant needs. All utilities are the responsibility of the tenants, minimizing the owner's operational expenses. The property's prime location on Main Street offers excellent visibility and accessibility, placing it within easy reach of local amenities, businesses, and transportation routes. This is a rare chance to acquire a well-established, high-performing mixed-use property in a thriving downtown area. The building's historic character combined with its modern functionality makes it an exceptional investment prospect. Don't miss this chance to own a piece of Oneonta's rich history and secure a promising future in commercial real estate. The asking price is $1,299,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,252,014

  6.5%

  $1,155,705

  7%

  $1,073,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $662,953

  Geo Method

  $658,526

• Alternative Use

  Use

  Valuation

  Residential

  $1,433,075

  Hospitality

  $1,312,689

  Educational

  $1,092,142

  Medical

  $1,129,702

  Retail

  $1,698,887

Location Insight

City

Oneonta

County

Otsego

State

New York

Latitude

42.4532

Longitude

-75.0625

CBSA code

36580

CBSA name

ONEONTA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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