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Class A Office Building

1040 Vestal Parkway East Vestal, NY 13850

Claim this Listing
For Sale
$1,199,000

Exceptional 10,880 SF office building in Vestal, NY for sale.

Type:OFC, SCR, MU
Property size:
10,880 SF
Lot size:
0.33 Acres
Price / SF:
$110/SF
Added:
Jul 9, 2024
Days on Market:
734
Last Refresh:
Jun 28 at 11:17 pm

Property Features for 1040 Vestal Parkway East

General Information

Standard status
Active
Size
10,880 SF
Lot size
0.33 Acres
Property subtype
OFC, SCR, MU

Building Details

Year Built
1965

Listing office Keller Williams Greater Binghamton

Listing date Jul 9, 2024

Source Realnex

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Greater Binghamton


Investment Insights

Based on property information with market context.

Located on Vestal Parkway East in Vestal, NY, this Class A office building offers 10,880 SF of space. The property is strategically positioned less than a mile from NYS Route 26 and the I86 interchange, providing convenient access to I86, I81, and I88 highways. Its location offers exposure and proximity to upcoming developments in Endicott and Binghamton, and is situated an 8-minute drive from Binghamton University and within 15 minutes of the Binghamton MSA. The building features modern finishes, heating and air conditioning with 4 separate units, and 3-phase electric with 4 separate meters. It includes 6 restrooms, an outdoor break area, and 29 on-site parking spaces, with an additional 0.33-acre partially paved vacant lot across the street at 109 Brady Ave for extra parking. The first floor features floor-to-ceiling windows, suitable for retail space. The second floor has a reinforced steel and concrete floor, capable of supporting heavy equipment or machinery, making it suitable for a full-size gym. An elevated loading dock and ramp access are located at the back of the building. Nearby amenities include dining options, shopping, lodging, car dealerships, and child care facilities. The Vestal Rail Trail is also nearby. The current owner is offering to lease back the 2nd floor at $12/SF Gross, generating an annual income exceeding $65,000. This property offers investment potential and owner-user options on the first floor or the entire building.

Key Highlights

  • Prime location on Vestal Parkway East with easy access to major highways.
  • High‑end modern finishes throughout the 10,880 SF Class A office building.
  • Income‑generating potential with the current owner offering to lease back the 2nd floor at $12/SF Gross, exceeding $65,000 annually.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

eni (Employee Network ... Insurance Agency Kim Hannah Family Counselor Vestal Counseling Solutions: ... Foster Care Service Vestal Counseling Solutions: ... Foster Care Service Vestal Counseling Solutions: ... Family Counselor

Suggested Use

Big Box & Wholesale Store Law Firm Real Estate Agency Restaurant Storage Facility Parking Lot & Garage Building Supply Auto Parts Store Electrical Service Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Exceptional 10,880 SF office building in Vestal, NY for sale.
Where is this office building located?
The property is located at 1040 Vestal Parkway East Vestal, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime location on Vestal Parkway East with easy access to major highways.; High‑end modern finishes throughout the 10,880 SF Class A office building.; **Income‑generating potential with the current owner offering to lease back the 2nd floor at $12/SF Gross, exceeding $65,000 annually.**
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