219 Vestal Ave Endicott, NY 13760
- Strip malls
- 111,780 SF
- 11.00 lot acres
Current Use by Public Records
- Strip malls
Property Details for 219 Vestal Ave
- Year built
- 1970
- Lot size
- 11.00 lot acres
- Property size
- 111,780 SF
- Zone code
- NC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 034601 157.10-6-36
- APU
- 3460115710636
Description
This exceptional 111,780-square-foot flex space at 219 Vestal Avenue in Endicott, New York presents a prime redevelopment opportunity. Currently vacant, this industrial property sits on a generous 18.13-acre lot and is zoned for Neighborhood Commercial use, offering significant flexibility for future development. The existing structure boasts 15 loading docks, providing ample capacity for efficient logistics. Conceptual plans envision a substantial warehouse expansion, accommodating ample trailer and passenger parking. The property's strategic location offers easy access to major transportation networks, placing it within close proximity to significant regional employers such as the iM3NY Gigafactory and BAE Systems. This location in the re-emerging Southern Tier presents a compelling investment opportunity, particularly given its proximity to the Southern Tier Expressway (less than 2 miles). The owner is actively pursuing entitlements for self-storage use, further enhancing the property's potential. This is an ideal site for businesses seeking a large-scale industrial space with excellent access and strong growth potential in a revitalizing area. The property's size and location make it a rare find in this market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $955,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,035,000
- 6.5%
- $1,080,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $1,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $935,000
- Retail
- $1,100,000
- Mixed-Use
- $895,000
- Hospitality
- $1,015,000
- Educational
- $885,000
- Residential Income
- $1,010,000
- Energy
- $1,025,000
- Income-Based Land
- $955,000
- Food Service
- $1,035,000
Location Insight
- Map
- Local Demand
- City
- Endicott
- County
- Broome
- State
- New York
- Longitude
- -76.0562
- Latitude
- 42.0979
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
