1909 Vestal PkwyVestal, NY 13850

Property Details for 1909 Vestal Pkwy

Year built

1978

Lot size

0.44 AC

Property size (Sq ft)

2,760 SF

Zone code

C-1

Property type

Investment properties

Property subtype

Retail residential properties

APN

034800 158.13-1-33

APU

3480015813133

Description

This exceptional commercial property, located on the highly visible Vestal Parkway, offers a variety of flexible office and retail spaces. The 5,700 square foot building, constructed in 1978 and extensively renovated in 2015, boasts a Class A designation and features three stories with 12-foot ceilings. The property sits on 1.5 acres of land and includes three suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 3,000 square feet. The versatile layout allows for multiple tenancy options, catering to diverse business needs. The ground floor is ideal for retail or office use, benefiting from direct Vestal Parkway exposure, while the upper two floors provide premium Class A office space. A 1,500 square foot lower-level storage area is also available. The building's strategic location offers easy access to area amenities, including the nearby Town Square Mall (home to Walmart, Sam's Club, Dick's Sporting Goods, Lowe's, and more), restaurants, and cafes. The property is zoned commercial and is conveniently situated near African Rd. Tenant build-out options are negotiable. This is a rare opportunity to secure a prominent location in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $483,012

  6.5%

  $445,857

  7%

  $414,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $215,868

  Geo Method

  $367,834

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $862,110

  Retail / Commercial

  $445,082

  Hospitality / Lodging

  $330,186

  Office

  $445,668

  Institutional / Educational

  $464,356

  Residential Income

  $543,296

  Multifamily

  $638,508

  Automotive / Energy

  $398,019

  Parking / Income-Based Land

  $135,018

  Restaurant / Food Service

  $236,933

  Healthcare / Senior Housing

  $454,796

Location Insight

City

Vestal

County

Broome

State

New York

Latitude

42.0938

Longitude

-76.0203

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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