A New Place for Old Valuables

By Kelly McCarthy

A New Place for Old Valuables

February 14, 2013 Updated Feb 14, 2013 at 9:00 PM EDT

Owego, NY (WBNG Binghamton) A new business in Owego specializes in selling old valuables.

The Early Owego Antique Center opened in a prominent building that's been vacant for years.

Jim Mead and his wife opened their antique shop at the site of the former J.J. Newberry's on Lake Street.

The couple bought the space in September, and they've turned it into a multi-dealer antique store.

J.J, Newberry's closed in 1996, and the couple says they've been thinking of ways to use the space since. They did not want to see it turn into an eye sore.

"This building was open for a little while as a relief center during the flood, and then after the flood became vacant again and we drove by saying, 'someone ought to, someone ought to,' and we ended up being the 'someones,'" Jim Mead said.

The couple learned how to run a multi-dealer antique shop by visiting others located around Central New York.

They opened the 19,000-square-foot building with 48 vendors. Items for sale range from $5 to $12,000.

"We've taken this ground floor and also the second floor and divided it into spaces of certain sizes and you may rent the space on a square foot basis and occupy it and sell your goods," Jim Mead said.

Jim Mead is still looking for additional antique dealers -- those who sell what he describes as "quality" items -- to rent out space in the second floor.