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213 Tracy Creek Rd Vestal, NY 13850

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For Sale
$3,525,000

Durable building with long-term lease, strategic location, and stable income.

Property size:
54,549 SF

Property Features for 213 Tracy Creek Rd

General Information

Size
54,549 SF

Source: Scott Warren, CCIM Agent Scott Warren, CCIM

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


Overview

Vestal Institutional-Grade Facility For Sale

Originally constructed as a school, the property is a durable cement-and-brick structure that 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 property is located in a quiet Vestal setting near Apalachin, adjacent to a town park, and two blocks from NYS Route 434. The property is ideally situated at 213 Tracy Creek Road in Vestal, NY, minutes from major thoroughfares 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. The property features 3-phase electric, upgraded HVAC systems (including high-efficiency Mitsubishi units), and a 3-year-old ballasted roof with 3” insulation. It also includes firewalled rooms and a 5,000 SF gymnasium with 19’ ceilings. The property 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). The lease is structured as modified net with 1% annual rent increases, the tenant pays increases in major expenses. The property offers both long-term stability and strategic accessibility, retaining a quiet, functional location for institutional or professional use. The property size is 54549 square feet.
Property Profile Insight Report 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
County
Broome
State
New York
Longitude
-76.0998953
Latitude
42.0663988

FAQs

What type of property is this?
Office building - Durable building with long-term lease, strategic location, and stable income.
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 $3,525,000.
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, providing stable income.; - Over $3M in Renovations – Customized across three phases to meet institutional needs, ensuring a modern and functional space.; - Solid Construction – Cement-and-brick build with firewalled rooms and 3-phase electric, offering durability and security.
More about this property
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