732 Vestal PkwyVestal, NY 13850
- Retail properties
- 55,540 SF
Property Details for 732 Vestal Pkwy
- Year built
- 1965
- Lot size
- 4.02 AC
- Property size (Sq ft)
- 55,540 SF
- Zone code
- CD
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 034800 157.19-2-2
- APU
- 348001571922
Description
This exceptional 1,252 square foot retail space is ideally situated in a bustling strip center on Vestal Parkway East, Unit 8, Vestal, NY. Boasting abundant natural light and high ceilings (9 feet), the unit features a large office area and a private bathroom, offering both functionality and convenience. The property is strategically located at the NYS Route 26 interchange, providing unparalleled access to I-86, just a tenth of a mile away. This prime location ensures high visibility and significant traffic exposure, with over 20,860 vehicles passing daily on Vestal Parkway and an additional 47,936 on I-86. The property's location in the affluent Vestal suburb, a short 15-minute drive to the entire Binghamton Metropolitan Statistical Area, guarantees a broad customer base, drawing shoppers from Endicott, Pennsylvania, and surrounding areas. The space is available for immediate occupancy, presenting a unique opportunity for businesses seeking a high-traffic, easily accessible location in a thriving retail environment. This is a rare chance to establish a presence in a highly desirable area with excellent visibility and convenient highway access. The asking price is $13,000 (price details require further clarification).
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,601,721
- 6.5%
- $11,632,357
- 7%
- $10,801,475
-
Comparable approach
- Method
- Valuation
- Relative Method
- $10,732,128
- Geo Method
- $18,287,278
-
Alternative Use
- Use
- Valuation
- Residential
- $9,812,329
- Hospitality
- $8,988,040
- Educational
- $7,477,944
- Medical
- $7,735,122
- Retail
- $11,632,357
Location Insight
- City
- Vestal
- County
- Broome
- State
- New York
- Latitude
- 42.089
- Longitude
- -76.0397
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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