16-20 Lewis Street

About this home

SUPER COMMERCIAL INVESTMENT OPPORTUNITY! 1.25 ACRES in the City of Oneonta at the corner of Lewis St and Delaware Ave. The property consists of a house with large extension that is currently rented to two businesses, 34 storage units and rented parking/storage spots. As you can tell from the photos there is still a large lot that could be easily further developed. Facility Breakdown: 9-10X20's Long Term tenants-$150/mo. Stick built on slab. 2-10X10's Long Term tenants-$75/mo Portable. 3-6X12's Mix long/short term-$65-$70/mo Portable. 20-5X10's short term college rentals-$55-$60/mo Portable. 3-Trailer parking spot-$50/mo. All tenants (except one) are autopay, everything is automated through the website (occupancy agreements in place for all tenants). Credit Card Fee: 2.9% + $1.00 per successful charge. Custom website integrated with Unitrac software. URL is owned and will transfer with sale. All units currently rented as of 7/27. No utilities. All 5X10 units are expected to be vacant 9/1/26 (These are summer college rentals). The portable units will be sold with the business as equipment inventory as they are portable and not permanent units/buildings. 16-20 Lewis Street: 2-Commercial tenants. 16 Lewis St is a long term tenant with a lease in place till summer 2027 $1300/mo. 20 Lewis St has been there for (10+years) but intends to eventually move out, date of move out is unknown at this time, tenant is on a month to month. $1600/mo. Tenants pay heat/electric/garbage (separate utilities). Heat is Natural gas. Expenses for all the lots: Water $550/yr. Insurance is approximately $2,800/yr. Software $360/yr. Taxes:16-20 Lewis St $2,301.08 (School) & $1,690.29 (City). 13 Lewis St $219.15 (School) & $166.64 (City). 1 Delaware Ave $394.47 (School) & $299.97 (City). Maintenance/landscaping/snow removal performed by owner/manager. Total rent roll as of July 1st is approximately $5,855/month. This listing also includes 13 Lewis Street and 1 Delaware Avenue, Tax Map# 300.7-2-10 and 300.7-2-45

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Location

Oneonta, NY 13820 · Otsego County

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