219 Vestal AveEndicott, NY 13760

Property Details for 219 Vestal Ave

Year built

1970

Lot size

11.00 AC

Property size (Sq ft)

111,780 SF

Zone code

NC

Property type

Retail properties

Property subtype

Strip malls

APN

034601 157.10-6-36

APU

3460115710636

Description

This exceptional 111,780-square-foot flex space at 219 Vestal Avenue in Endicott, New York presents a prime redevelopment opportunity. Currently vacant, this industrial property sits on a generous 18.13-acre lot and is zoned for Neighborhood Commercial use, offering significant flexibility for future development. The existing structure boasts 15 loading docks, providing ample capacity for efficient logistics. Conceptual plans envision a substantial warehouse expansion, accommodating ample trailer and passenger parking. The property's strategic location offers easy access to major transportation networks, placing it within close proximity to significant regional employers such as the iM3NY Gigafactory and BAE Systems. This location in the re-emerging Southern Tier presents a compelling investment opportunity, particularly given its proximity to the Southern Tier Expressway (less than 2 miles). The owner is actively pursuing entitlements for self-storage use, further enhancing the property's potential. This is an ideal site for businesses seeking a large-scale industrial space with excellent access and strong growth potential in a revitalizing area. The property's size and location make it a rare find in this market.

• CAP approach

  CAP return

  Valuation

  6%

  $26,393,608

  6.5%

  $24,363,330

  7%

  $22,623,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,902,138

  Geo Method

  $36,805,040

• Alternative Use

  Use

  Valuation

  Residential

  $20,551,382

  Hospitality

  $18,824,954

  Educational

  $15,662,141

  Medical

  $16,200,786

  Retail

  $24,363,330

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.0979

Longitude

-76.0562

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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