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    1179 Vestal Ave Binghamton, NY 13903

    For Sale
    $1,150,000

    Retail space near Binghamton General Hospital with long-term tenant.

    Property size:
    8,500 SF
    Lot size:
    0.49 Acres

    Property Features for 1179 Vestal Ave

    General Information

    Size
    8,500 SF
    Lot size
    0.49 Acres

    Source: Cushman & Wakefield | Pyramid Brokerage - Binghamton Agent Leo Jones

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

    Overview

    Binghamton Retail Investment Opportunity

    This retail property presents an investment opportunity in an area with limited retail space. The property is located close to Binghamton General Hospital. The lease terms are from January 1, 2025, to December 31, 2027, with an annual rent of $110,400 NNN. The landlord is responsible for the roof, structure, and HVAC replacement. There is one 3-year option to renew at $112,800 per year NNN. The property has a long-term tenant and is out of the 500-year flood plain. In 2021, metal corrugated siding was added along the western side of the building. The property size is 8500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    the medicine shoppe pharmacy Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9145269
    Latitude
    42.0893318

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    FAQs

    What type of property is this?
    Retail space - Retail space near Binghamton General Hospital with long-term tenant.
    Where is this retail space located?
    The property is located at 1179 Vestal Ave Binghamton, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - High Annual Rent: $110,400 NNN; - Long-term Tenant in Place; - Favorable Lease Terms: Lease extends 1/1/2025 – 12/31/2027 with a 3-year renewal option at $112,800/year NNN
    (607) 427-5998
    Request Owner's contact information
    1179 Vestal Ave Binghamton, NY 13903
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    Binghamton, NY 13903
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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
    1179 Vestal Ave Binghamton, NY 13903
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