Technical
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Property profile

2508 Unit Vestal, NY 13850

OFF-MARKET
Commercial real estate
Built 2008
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Property summary

AI-generated overview

This exceptional sublet opportunity is located at 2508 Vestal Parkway East, Suite 2, Vestal, NY, offering high visibility and significant foot traffic. Situated directly across from a Walmart, this suite benefits from an average of over 24,000 cars passing daily. The space, previously occupied by The Hemp Geek, comprises a large retail showroom area, two private offices, and a utility room. A private restroom is included, along with access to a shared handicap-accessible restroom. The annual lease cost is $43,800, which equates to $3,650 per month, encompassing all CAM charges. This all-inclusive pricing makes budgeting simple and predictable. The sublet agreement extends until June 30, 2027, providing a substantial lease term. The space's strategic location within a small plaza, coupled with the imminent opening of a fast-food restaurant with a drive-through directly adjacent, promises exceptional exposure and customer accessibility. This makes it ideal for a variety of businesses, including retail and professional services. The current lease is available for review upon request. The plaza owner will provide final approval for any subleasing tenant. To further incentivize new businesses, the current leaseholder is offering one month of free rent as a startup allowance. This is a remarkable opportunity to establish a business in a high-traffic, highly visible location with fixed expenses.

Property profile

Verified
Property type Commercial real estate
Year built 2008

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2508 Unit Vestal, NY 13850
Vestal metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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