26 Madison Ave Endicott, NY 13760
- Office buildings
- 1,938 SF
- 0.02 lot acres
Current Use by Public Records
- Off The Top / Hair Salon / Beauty Salon
Property Details for 26 Madison Ave
- Year built
- 1980
- Lot size
- 0.02 lot acres
- Property size
- 1,938 SF
- Zone code
- NC
- Property type
- Office buildings
- APN
- 034601 157.06-6-16
- APU
- 3460115706616
Description
This 1,938 square foot Class B retail storefront, located at 26 Madison Ave in Endicott, NY (13760), presents a unique investment opportunity. Currently operating as a 100% occupied, single-tenant hair salon and spa, the property boasts a 3-year leaseback agreement in place, ensuring immediate income generation. The building, constructed in 1980 and situated on a 0.2-acre lot, has undergone a full remodel, including a new furnace (2023) and a reverse osmosis water system. Utilities include municipal electric, and the property also features an on-site washer and dryer. The permitted commercial zoning allows for flexibility, and rent bumps are included in the lease. All salon and spa equipment is available for purchase, providing a turnkey operation. This stabilized investment, with a $169,900 asking price, offers a compelling return for investors seeking a hassle-free, income-producing asset in a prime downtown Endicott location, just a block from Washington Ave. The lease is a NNN (Net, Net, Net) lease, and the property consists of two units within a single building. The seller is open to negotiating leaseback terms within the 3-5 year range.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Endicott
- County
- Broome
- State
- New York
- Longitude
- -76.0496
- Latitude
- 42.1027
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
