518 Hooper RdEndicott, NY 13760

Property Details for 518 Hooper Rd

Year built

1980

Lot size

0.42 AC

Property size (Sq ft)

9,490 SF

Zone code

NC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

034689 142.09-6-36

APU

3468914209636

Description

This exceptional mixed-use property at 518 Hooper Rd, Endicott, NY, presents a compelling investment opportunity. The 8,565 square foot building, constructed in 1980 and situated on a 20,537 square foot lot, features five units: three retail/office spaces and one two-bedroom residential apartment. Currently boasting 65% occupancy, this property offers immediate income potential. The included convenience store generates $300,000 in gross annual sales and is part of the sale, including all contents. The building benefits from a recently replaced roof (one year old), minimizing immediate maintenance needs. Zoned NC (Neighborhood Commercial), this property provides flexibility for a variety of retail ventures. Ample parking is available with 20 spaces. The property's prime location in Endicott, NY, within Broome County, ensures strong market demand and a vibrant local economy. This two-story building presents a rare opportunity to acquire a diversified portfolio asset with significant rental income potential and minimal immediate capital expenditure requirements. The combination of retail and residential units makes this a truly unique and attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,153,229

  6.5%

  $1,987,596

  7%

  $1,845,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,833,776

  Geo Method

  $3,124,708

• Alternative Use

  Use

  Valuation

  Residential

  $1,676,612

  Hospitality

  $1,535,767

  Educational

  $1,277,740

  Medical

  $1,321,684

  Retail

  $1,987,596

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.1178

Longitude

-76.0179

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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