5059 New York 23

Investment Overview

5059 NY-23 is a 1.12-acre commercial property improved with an approximately 5,910 SF, 16-room motel in Oneonta's established Southside commercial area. The property offers direct NY-23 frontage, on-site parking and access at a signalized intersection, with Walmart Supercenter positioned directly across the roadway. The existing hospitality configuration provides immediate utility while preserving the site's longer-term repositioning potential. Surrounded by national and regional retailers, restaurants, hotels and service businesses, the property offers multiple potential investment strategies. Buyers may evaluate continued hospitality use, repositioning of the existing improvements or future commercial redevelopment based on their investment objectives. The combination of existing improvements, commercial visibility and a 1.12-acre site creates optionality for investors, developers and owner-users, subject to zoning and municipal approvals.

Investment Highlights

• 1.12-Acre Commercial Site
• 16-Room Existing Motel
• Signalized NY-23 Access
• Directly Across from Walmart
• Established Commercial Location
• Repositioning & Redevelopment Potential