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860 Vestal Rd Vestal, NY 13850

For Sale
$1,594,000

Approved plans for 128 senior housing units on 5.06 acres.

Property size:
86,867 SF

Property Features for 860 Vestal Rd

General Information

Size
86,867 SF

Source: Scott Warren, CCIM Agent Scott Warren, CCIM

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


Overview

Senior Housing Development Opportunity

This 5.06-acre parcel has approved plans for a 128-unit 55+ community. The project includes the expansion of the existing 86,867 SF structure to a total of approximately 135,597 SF. The site offers over 530 feet of road frontage on Old Vestal Road and is strategically positioned in a high-income area where household incomes exceed the Broome County average by 44%, supporting strong demand for quality senior housing. The location is on the Vestal side of the Route 26 Bridge to Endicott, offering visibility and convenience with direct access to I-86, I-81, and State Route 434. Residents will have a 15-minute drive to the Greater Binghamton MSA, making it an ideal location for senior living or other residential development, with proximity to shopping, healthcare, and recreational amenities. The site has connectivity, being minutes from I-86, State Route 434, and State Route 26. The development has an 18-month completion timeline.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Senior housing facilities

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
-76.0385447
Latitude
42.0935695

FAQs

What type of property is this?
Senior housing facility - Approved plans for 128 senior housing units on 5.06 acres.
Where is this senior housing facility located?
The property is located at 860 Vestal Rd Vestal, NY.
What is the asking price?
The asking price for this property is $1,594,000.
What are key features of this property?
This property features: - Approved plans for a 128-unit 55+ community with expansion potential; - Estimated stabilized market value exceeding $40 million post-renovation; - High-yield metrics including a 151.65% cap rate and 10.10% Year 1 CoC return post-renovation
More about this property
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