17 Maple Street, Oneonta _ Triple Net

For Sale

17 Maple Street, Oneonta, NY 13820

This Oneonta property for sale is located at 17 Maple Street. The current listed sale price for 17 Maple Street, Oneonta _ Triple Net is $1,250,000. 17 Maple Street, Oneonta _ Triple Net is situated on a lot that is 0.34 acre in size.

Contacts

broker
Ben Holscher

Property Details

  • Property Type Unassigned
  • Units 0
  • Lot Size 0.34 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Date Updated Dec 23, 2024

Lucrative investment property with guaranteed 10+ year triple-net lease. All rent is an absolute net to the landlord. Currently, rent payments are made at $6,120 per month with annual increase of 2%. The Tenant pays for all interior and exterior maintenance, all taxes, all upgrades, all code compliance, all utilities, all insurance and all tenant liability. Long-term rental arrangement with a national Sorority organization. This is an excellent location in the growing and thriving college town of Oneonta which functions as the main hub for shopping, education, and healthcare for Otsego and Delaware County residents. The property is near Hartwick College and the State University of NY - Oneonta and a short walk to the bus stop, Main Street, and downtown local attractions. With easy access to I- 88, a 60 minute drive East or West will take you to Albany or Binghamton. The property has a city permit for up to 21 residents. It has 9 bedrooms and 5 bathrooms. It is outfitted with a commercial sprinkler system, commercial appliances, and fire escapes from the 2nd and 3rd floors. Guaranteed minimum cap rate of 5.88%+ (the cap rate will increase with the annual rent increases). The property is well positioned to appreciate over time based on economic/education trends in the region and accelerated by post-COVID-19 population trends as folks move into the area from more urban regions of NYS. This is a good option as a hedge against inflation and recession with 10 years remaining on the lease. Also a good fit for simple 1031 exchange deals.

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Getting around

  • 85/100

    Walk Score ®

  • 61/100

    Bike Score ®

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Location

  • City Oneonta, NY
  • Zip Code 13820

Points of Interest

  • Speedway

    0.13 miles

  • BJ's Gas

    0.94 miles

  • Mirabito

    1.65 miles

  • Sunoco

    8.28 miles

  • Quickway

    9.77 miles

  • Oneonta Parking Garage

    0.42 miles

  • Anderson Lot

    0.52 miles

  • Anderson Improved Lot

    0.53 miles

  • Wilder Lot and Yager Lot

    0.57 miles

  • Lower Yager Lot

    0.58 miles

  • Yager Lot

    0.59 miles

  • Smith Lot

    0.61 miles

  • Saxton & Holmes Halls Only

    0.62 miles

  • Hartwick Drive/Dewar Hall

    0.63 miles

  • Hartwick Drive

    0.63 miles

  • Super 8

    0.83 miles

  • Courtyard Oneonta

    0.99 miles

  • Holiday Inn Express & Suites

    1.06 miles

  • Budget Inn

    1.10 miles

  • Hampton Inn Oneonta

    1.76 miles

  • Quality Inn

    1.82 miles

  • Clinton Street Plaza

    0.48 miles

  • Green Earth Health Food Market

    0.55 miles

  • ALDI

    0.80 miles

  • Hannaford

    0.83 miles

  • TJ Maxx

    1.01 miles

  • South Side Mall

    1.04 miles

  • Walmart Supercenter

    1.26 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ben Holscher