1310 North StEndicott, NY 13760

Property Details for 1310 North St

Year built

1971

Lot size

0.48 AC

Property size (Sq ft)

9,772 SF

Property type

Office properties

Property subtype

Other retail properties

Description

This stabilized investment property, located at 1310 North Street in Endicott, NY, presents a compelling opportunity. The 9,772 square foot building, constructed in 1971, features two stories and sits on a 0.48-acre lot within the Central Business District zoning. Currently boasting 100% occupancy, the property generates a strong NOI of $87,575, resulting in an attractive 9.22% cap rate. Two long-term tenants, NBT Bank (with a drive-thru) and Sieba, Ltd. (a third-party administrator for self-funded benefits plans), recently renewed their leases for five years. The building is well-maintained and features a rubber membrane roof, a newer elevator, and newer boilers, with the chiller replaced within the last three years. A vacant lower level with high ceilings, serviced by an elevator, offers significant potential for future expansion or lease income. The property's strategic location across the street from BAE Systems, employing 1,400 individuals, ensures strong visibility and a stable tenant base. This is a rare opportunity to acquire a high-performing, well-located commercial property with significant upside potential. The asking price is $950,000.

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.1047

Longitude

-76.0475

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