732 Vestal PkwyVestal, NY 13850

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

Strip malls

Property subtype

Neighborhood centers

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).

• CAP approach

  CAP return

  Valuation

  6%

  $9,702,850

  6.5%

  $8,956,470

  7%

  $8,316,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,429,130

  Geo Method

  $7,547,130

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,348,400

  Mixed-Use / Specialty

  $8,972,060

  Hospitality / Lodging

  $6,644,390

  Office

  $8,968,260

  Institutional / Educational

  $9,344,310

  Residential Income

  $10,932,800

  Multifamily

  $12,848,800

  Automotive / Energy

  $8,009,410

  Parking / Income-Based Land

  $2,717,000

  Restaurant / Food Service

  $4,767,860

  Healthcare / Senior Housing

  $9,151,950

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

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