212 Main StOtego, NY 13825

  • Turn key restaurants
  • 5,392 SF
For Sale
$425,000 View listing

Property Details for 212 Main St

Year built
1975
Lot size
1.30 AC
Property size (Sq ft)
5,392 SF
Property type
Turn key restaurants
APN
364801 317.19-1-64.00
APU
3648013171916400

Description

This exceptional commercial property in Otego, NY, presents a unique investment opportunity. Located at 212 Main St, this 10,784 square foot building sits on a sizable 3.6-acre lot, offering unparalleled visibility from Interstate 88 and NY-7. The property boasts a substantial restaurant space, totaling 8,133 square feet (5,179 square feet above grade and 2,954 square feet below grade, including walk-in coolers and prep areas). This expansive area is ready for immediate occupancy, complete with existing restaurant equipment. Adding to the investment potential are three income-generating residential apartments, measuring 635, 740, and 1,276 square feet respectively. The total above-grade building square footage is 7,830 square feet, with an additional 2,954 square feet below grade. The property features ample parking and convenient access, along with village water service. The building, estimated to be from 1975, is situated on two combined lots totaling 3.6 acres. This versatile property offers the potential for continued restaurant operation or creative adaptation for a variety of business uses, making it an exceptional opportunity in central New York.

Location Insight

City
Otego
County
Otsego
State
New York
Latitude
42.3906
Longitude
-75.1823
CBSA code
36580
CBSA name
ONEONTA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$38,000
$243,700
$281,700
-
$40,860
$262,043
$302,903

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