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    4777 Vestal Pkwy E Vestal, NY 13850

    For Sale
    $1,800,000

    Multi-tenant retail property with long-term tenants in Vestal, New York.

    Property size:
    9,064 SF
    Lot size:
    0.56 Acres

    Property Features for 4777 Vestal Pkwy E

    General Information

    Size
    9,064 SF
    Lot size
    0.56 Acres

    Source: Marcus & Millichap | Manhattan Agent John Horowitz

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

    Overview

    Riverfront Retail Investment Opportunity

    This multi-tenant retail investment property is located in Vestal, New York. The property is anchored by Talbots, a national specialty retailer, who recently exercised a five-year extension, extending their expiration through January 2030. Knead Relief Massage, the second largest tenant, has been a tenant since 2010. Elizabeth’s Shoes and Accessories have been tenants at the property since 1992. Homestead Funding is also a tenant. The property has not had a vacancy in 30 years. Talbots and Knead Relief are on NNN leases and reimburse expenses per their pro-rata share. The tenants Elizabeth Shoes and Homestead Funding are on gross leases. Future conversion of gross leases to NNN would provide ownership additional revenue. The property has a size of 9064 square feet.
    Location Intelligence

    Current Use by Public Records

    Talbots Women'S Clothing Store Knead Relief Massage Massage Therapist Elizabeth's Shoes and Accessories Shoe Store MERLE NORMAN COSMETICS ... Beauty Supply Store

    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
    -75.9478678
    Latitude
    42.0925021

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail property with long-term tenants in Vestal, New York.
    Where is this strip mall located?
    The property is located at 4777 Vestal Pkwy E Vestal, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Anchored by Talbots, with a lease extended to January 2030, demonstrating long-term commitment.; - Riverfront location in Vestal, New York.; - Historically stable investment with no vacancy in 30 years.
    (212) 430-5100
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    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
    4777 Vestal Pkwy E Vestal, NY 13850
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