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    213 Tracy Creek Rd Vestal, NY 13850

    Sponsored
    Source: https://svn.com
    For Sale
    $3,750,000

    54,549 SF Originally Built as a School, Durable Cement-and-Brick Building For Sale

    Property size:
    54,549 SF

    Description

    Added:
    May 16, 2025
    Days on Market:
    236
    Originally built as a school, this durable cement-and-brick structure has served the State of New York since 1989. Over $3 million has been invested across three phases of renovations, resulting in a highly secure, institutional-grade facility. The lease is structured as modified net with 1% annual rent increases, the tenant pays increases in major expenses - ensuring stable, increasing and predictable cash flow.

    The property features 3-phase electric, upgraded HVAC systems (including high-efficiency Mitsubishi units), a 3-year-old ballasted roof with 3” insulation, firewalled rooms, and a 5,000 SF gymnasium with 19’ ceilings. It is now leased to DASNY under a brand-new 10-year agreement at $10.50/SF plus utilities, janitorial, and select reimbursements (modified net lease).

    DASNY, a state agency with 75+ years of experience, is a national leader in public construction and finance, specializing in health and education infrastructure.

    Located in a quiet Vestal setting near Apalachin, adjacent to a town park and just two blocks from NYS Route 434, this property offers both long-term stability and strategic accessibility.

    Location Description
    Ideally situated at 213 Tracy Creek Road in Vestal, NY, this property offers a peaceful, private setting just minutes from major thoroughfares. Located beside a Town of Vestal park with soccer fields, it combines a tranquil atmosphere with unmatched accessibility—only two blocks from NYS Route 434 and a short drive to the I-86 interchange.

    Its proximity to Apalachin and the greater Binghamton area makes it an ideal hub for regional access while retaining a quiet, functional location for institutional or professional use.

    Property Features for 213 Tracy Creek Rd

    General Information

    Property type
    Office buildings
    Square Feet
    54,549 SF
    Price / Square Foot
    $68
    Class
    B
    Elevators
    N/A

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Brand‑New 10‑Year Lease with DASNY at $10.50/SF plus utilities and expense reimbursements Over $3M in Renovations – Customized across three phases to meet institutional needs Solid Construction – Cement‑and‑brick build with firewalled rooms and 3‑phase electric 5,000 SF Gymnasium – With 19’ ceiling clearance and flexible use potential Excellent Location – Adjacent to a town park and 2 blocks from NYS Route 434 with easy highway access
    Location Intelligence

    Current Use by Public Records

    Parent to Parent of NYS ... Non-Profit Organization

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Accounting Firm Kitchen & Bath Bar & Pub Grocery Store Electrical Service Computer & Electronic Repair Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vestal
    State
    New York
    Longitude
    -76.081929
    Latitude
    42.0300023

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    FAQs

    What type of property is this?
    Office building - 54,549 SF Originally Built as a School, Durable Cement-and-Brick Building For Sale
    Where is this office building located?
    The property is located at 213 Tracy Creek Rd Vestal, NY.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Brand-New 10-Year Lease with DASNY at $10.50/SF plus utilities and expense reimbursements Over $3M in Renovations – Customized across three phases to meet institutional needs Solid Construction – Cement-and-brick build with firewalled rooms and 3-phase electric 5,000 SF Gymnasium – With 19’ ceiling clearance and flexible use potential Excellent Location – Adjacent to a town park and 2 blocks from NYS Route 434 with easy highway access
    (607) 621-0439
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    213 Tracy Creek Rd Vestal, NY 13850
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213 Tracy Creek Rd Vestal, NY 13850
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