187 Main Street Unadilla, NY $ 275,000
187 Main Street
$ 275,000
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187 Main Street

Unadilla, NY, 13849
$ 275,000
Baths0.0 Sq 10,145

Monthly Estimate*

$ 1,828

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Studio

Commercial Property for sale in Unadilla, NY

for $275,000. This 10,145 square foot building was built in 1900 on a lot size of 0.27.

Complete package with pizzaria. Here is a rare opportunity to own a piece of history and generate good cash flow. This iconic building features four units on the 1st floor. The gem is a former pizzaria including two Blodgett stone pizza ovens, a Hobart dough mixer with attachments, six burner stove/hood, walk-in cooler, triple wash sinks, stainless & refrigerated prep surfaces, & more. Full basement storage space including a refrigeration & walk-in freezer. Tables and chairs for dining guests with a large open space for eating in, two public bathrooms, and handicap access. The other three units are storefronts with good exposure to Main St. The second floor, with proper updates, will be a stunning with 20’ ceilings, wood floors, and enormous windows. It has a bar and kitchen area, and rooms that can be converted into rentable shops or apartments. Ideal for local commerce with parking spaces behind plus a large adjacent town parking lot. The potential cap rate is 10%+ just from the 1st floor once fully rented. The upstairs is a bonus. Here is a chance to own a restaurant and receive cash flows from the tenants, or to create a destination spot that adds value to the entire community.

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Commercial Active

Price

$ 275,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,772

Style

Business

Lot Size

0.27

Year Built

1900

Town/City

Unadilla

County/Region

Otsego

MLS | Web ID

R1506113

Features
General
Sewer SepticTank
Heating Oil ForcedAir
Utilities WaterConnected
Possession CloseOfEscrow
Roof Membrane Rubber
Zoning Commercial
Construction Materials Brick
Year Built 1900
Stories 2
Township Not Applicable
Levels Two
Property SubType Business
Gross Income 46200.0
County Otsego
Net Operating Income 23728.0
Operating Expense 16700.0
Property Type CommercialSale
Status Active
Directions On Main Street.
City Unadilla
High School District Unatego
Zoning Description Commercial
Total Units 0
MLS Area Unadilla-366289
Lot Size Square Feet 11761.0
Waterfront Y/N No
Street Name Main
Year Built Details Existing
Tax Annual Amount 5772.0
Property Condition Resale
Lease Considered Y/N No
Days on Market 190
Standard Status Active
Middle/Junior School District Unatego
Elementary School District Unatego
Tax Assessed Value 261915
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Business Office Retail MixedUse Commercial
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Interior
Basement Full
Flooring Carpet
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Common
Water Source Public
Total Parking 10.0
Inclusions Equipment Land and Building
Lot Size Area 0.27
Number of Buildings 1
Building Area Total 10145.0
Lot Dimensions 90X150
Lot Size Acres 0.27
Lot Size Units Acres
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Internal Only
Street Number 1 187
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* Excluded Features
List By
Keller Williams Upstate Ny Properties

Broker

(607) 376-7509

Phone

Affordability Calculator

$2,309
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,828
Monthly Property Taxes
$481
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
3773590 Elementary School
3773592 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/10/2024$275,000 -6.78% Price Down
11/3/2023$295,000 Listed Price

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187 Main Street, Unadilla, NY, 13849 is a Commercial Property for sale at $275,000 with 10,145 sqft and a lot size of 0.27. 187 Main Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 13849 which is in Unadilla, NY