732 Vestal PkwyVestal, NY 13850

  • Retail properties
  • 55,540 SF
For Sale

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
732 Vestal Pkwy, Vestal, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$954,000
$1,796,000
$2,750,000
-
$954,000
$1,796,000
$2,750,000

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