1040 Vestal Pkwy East Vestal, NY 13850
Property profile & analytics
1040 Vestal Pkwy East Vestal, NY 13850
- Office buildings
- 10,880 SF
- 0.46 lot acres
Property ID
US63-1351319
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- eni (Employee Network Inc.) / Insurance Agency
- Kim Hannah / Family Counselor
- Vestal Counseling Solutions: Fasset Sasha / Foster Care Service / Social Service Agency
- Vestal Counseling Solutions: Talcot Karen / Foster Care Service / Social Service Agency
- Vestal Counseling Solutions: Komatinsky Paul / Family Counselor
Property Details for 1040 Vestal Pkwy East
- Year built
- 1965
- Lot size
- 0.46 lot acres
- Property size
- 10,880 SF
- Zone code
- C-1
- Property type
- Office buildings
- APN
- 034800 157.16-1-4
- APU
- 348001571614
Description
This exceptional commercial property, located at 1040 Vestal Parkway East in Vestal, NY, presents a unique investment opportunity. Priced at $1,099,000, this office building boasts unparalleled visibility and accessibility, situated less than a mile from the NY State Route 26 and I-86 interchange, providing easy access to I-86, I-81, and I-88. The property benefits from daily traffic counts exceeding 26,000 vehicles, ensuring maximum exposure for any business. The building features high-end modern finishes throughout, including a sophisticated heating and air conditioning system (four units), three-phase electric service (four meters), and six restrooms. Ample parking is available, with over 40 spaces spread across two properties, including a lot across the street at 109 Brady Avenue, which is included in the sale. The first floor offers floor-to-ceiling windows, ideal for retail space, maximizing street-level visibility. The second floor, constructed with reinforced steel and concrete, is capable of supporting heavy equipment, making it suitable for various uses, such as a full-size gym. A convenient elevated loading dock at the rear of the building caters to box trucks. The property's proximity to Binghamton University (eight minutes away) and the Binghamton MSA (fifteen-minute drive) further enhances its appeal. To sweeten the deal, the current owner is offering a leaseback option for the second floor at $12 per square foot, generating an annual income exceeding $65,000. This presents a compelling opportunity for both immediate income and long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $335,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $419,000
Market price range: $295k - $984k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vestal
- County
- Broome
- State
- New York
- Longitude
- -76.0339
- Latitude
- 42.0907
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$237,800
$612,200
$850,000
-
$237,800
$612,200
$850,000
