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Rental Property and Restaurant 6202-6208 State Highway 28 22,000 SF Retail Building Fly Creek, NY 13337 $910,000 ($41.36/SF)

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INVESTMENT HIGHLIGHTS

  • Recently renovated corner building in high traffic area with on-site Parking. Minutes away from Cooperstown Dreams Park and Bassett Hospital.
  • Includes 4 residential apartments (2 one-bedroom apartments, 2 two-bedroom apartments)
  • Renovated Basement for storage or office space.
  • Fully equipped and renovated Bar and Restaurant. Turn-key operation! Best cocktails and beverage selection between Albany and Utica!
  • Includes 1 retail store approximately 800sq feet
  • Second floor of restaurant can be used as Event space or rented for additional income.

EXECUTIVE SUMMARY

Welcome to 6208 NY-28 in Fly Creek — a remarkable mixed-use property that perfectly blends small-town charm, modern updates, and outstanding investment potential. Ideally located just minutes from Cooperstown and the famous Fly Creek Cider Mill, this property sits at a highly visible corner in the heart of Fly Creek, offering excellent exposure for business and convenience for residents alike. This stately building features two commercial spaces and four residential rental units, creating multiple income streams under one roof. The anchor commercial space is currently a fully equipped restaurant and bar, boasting an elegant dining area with tall ceilings, hardwood floors, and expansive windows that fill the space with natural light. A full professional kitchen and handcrafted bar provide a ready-to-go opportunity for a new or seasoned restaurateur, while the large outdoor deck offers additional seating and lively curb appeal, ideal for summer dining or events. Adjacent to the restaurant is a second commercial storefront, presently used as a local consignment shop. With its own entrance, display windows, and open layout, this versatile space is ideal for retail, office, or studio use — or can easily adapt to a variety of business ventures. Upstairs, the property offers four spacious apartments, each well maintained and thoughtfully designed. The units feature updated kitchens and bathrooms, comfortable living areas, and private entries. These apartments have a proven rental history and provide consistent monthly income, making this a truly balanced live-work-invest opportunity. Additional highlights include ample parking, updated mechanical systems, and a beautifully restored exterior that showcases timeless architectural detail. The property also offers scenic rear views and a generous lot with open green space. Whether you’re seeking a prime commercial investment, a thriving restaurant location, or a mixed-use property with steady income, 6208 NY-28 delivers unmatched potential in one of Otsego County’s most charming and vibrant hamlets.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
22,000 SF
Building Class
C
Year Built/Renovated
1850/2023
Price
$910,000
Price Per SF
$41.36
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
2.06 AC
Zoning
Mixed use - Mixed use commercial zoning.
Parking
15 Spaces (0.68 Spaces per 1,000 SF Leased)
Frontage
90’ on New York 28

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
365089-114-005-0001-037-000-0000
Land Assessment
$94,700
Improvements Assessment
$241,300
Total Assessment
$336,000
  • Listing ID: 38335091

  • Date on Market: 4/5/2024

  • Last Updated:

  • Address: 6202-6208 State Highway 28, Fly Creek, NY 13337

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