748 State Highway 28Oneonta, NY 13820

Property Details for 748 State Highway 28

Year built

1970

Lot size

1.08 AC

Property size (Sq ft)

9,520 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

364600 300.14-1-3.00

APU

364600300141300

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,476,426

  6.5%

  $3,209,008

  7%

  $2,979,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,155,656

  Geo Method

  $3,134,586

• Alternative Use

  Use

  Valuation

  Residential

  $2,706,919

  Hospitality

  $2,479,523

  Educational

  $2,062,934

  Medical

  $2,133,882

  Retail

  $3,209,008

Location Insight

City

Oneonta

County

Otsego

State

New York

Latitude

42.4465

Longitude

-75.0533

CBSA code

36580

CBSA name

ONEONTA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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