27 Washington AveEndicott, NY 13760

Property Details for 27 Washington Ave

Year built

1965

Lot size

0.06 AC

Property size (Sq ft)

5,415 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Super regional malls

APN

034601 157.06-8-13

APU

3460115706813

Description

This exceptional retail space, formerly home to the renowned Acropolis Restaurant, presents a unique opportunity for a new business venture in the thriving Endicott, NY market. Located at 27 Washington Avenue, this 2,000 square foot space is part of a larger 5,415 square foot building constructed in 1965. The property enjoys a highly desirable location, within walking distance of key employers such as the Huron Campus and Bae Systems, as well as the convenient Price Chopper Plaza. This ensures high visibility and accessibility for potential customers. Washington Avenue boasts an impressive average daily traffic count of 3,406 vehicles, further enhancing the property's commercial appeal. The area also benefits from a strong walkability score of 84, indicating a high concentration of pedestrians and foot traffic. This prime location, combined with the building's established presence in the community, offers a significant advantage for any business seeking to establish a strong foothold in Endicott. The space is ready for immediate occupancy and offers a blank canvas for a new owner to create a thriving business. The property's rich history and prominent location within the community provide an excellent foundation for future success. This is an exceptional opportunity to capitalize on a high-traffic location in a vibrant and growing area. The building's existing infrastructure provides a solid base for a variety of retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $1,258,188

  6.5%

  $1,161,404

  7%

  $1,078,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,126,351

  Geo Method

  $1,782,960

• Alternative Use

  Use

  Valuation

  Residential

  $979,688

  Hospitality

  $897,389

  Educational

  $746,617

  Medical

  $772,294

  Retail

  $1,161,404

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.1038

Longitude

-76.048

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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