1040 Vestal Pkwy E Vestal, NY 13850
- Office buildings
- 10,880 SF
- 0.46 lot acres
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 E
- 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
-
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 valuation — 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
