55 Corbettsville RdConklin, NY 13748

Property Details for 55 Corbettsville Rd

Year built

1960

Lot size

0.60 AC

Property size (Sq ft)

3,683 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

032800 228.06-1-6

APU

328002280616

Description

This exceptional property, located at 55 Corbettsville Road in Conklin, NY, presents a remarkable investment opportunity. Situated just minutes from I-81 and north of Conklin, this iconic building, known as the historic Kiwis building, boasts a rich history and immense potential. Previously a successful family-owned bar and restaurant, the two-story structure offers a versatile layout ready for a new owner's vision. The main floor provides ample space for a variety of commercial uses, while the second floor includes a spacious two-bedroom apartment. This apartment offers the potential for owner occupancy or generates supplemental rental income. The property features extensive outdoor space, including ample parking, expansive decks, and a generous yard, ideal for outdoor seating, events, or further development. Its prime location and unique character make this a rare find in the Conklin area. The property's vintage charm and inviting atmosphere create a strong foundation for a thriving business or a unique residential-commercial blend. Don't miss this chance to acquire a piece of Conklin history and unlock its considerable potential. The asking price is $99,900.

• CAP approach

  CAP return

  Valuation

  6%

  $914,914

  6.5%

  $844,536

  7%

  $784,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $484,455

  Geo Method

  $481,221

• Alternative Use

  Use

  Valuation

  Residential

  $1,047,225

  Hospitality

  $959,252

  Educational

  $798,087

  Medical

  $825,534

  Retail

  $1,241,468

Location Insight

City

Conklin

County

Broome

State

New York

Latitude

42.0156

Longitude

-75.7901

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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