24 Madison Ave Endicott, NY 13760-5214
- Office buildings
- 6,048 SF
- 0.47 lot acres
Current Use by Public Records
- Bidwell Frances / Nursing Agency
- Pullano Karen / Nursing Agency
- Barr Mary / Nursing Agency
- Patricia J. Vincent, PA / Doctor
- Burton June MD / Doctor
Property Details for 24 Madison Ave
- Year built
- 1980
- Lot size
- 0.47 lot acres
- Property size
- 6,048 SF
- Zone code
- NC
- Property type
- Office buildings
- APN
- 034601 157.06-6-15
- APU
- 3460115706615
Description
This 6,000-square-foot Class B medical office building, located at 24 Madison Avenue in Endicott, New York, presents a unique investment opportunity. Built in 1980, this single-tenant property sits on a 0.47-acre lot and is zoned for neighborhood commercial use. The building features 3-phase electric, two privately owned parking lots, a handicap-accessible ramp, central air conditioning, and numerous exam rooms and administrative offices. Complete with plumbing throughout, this fully vacant building offers immediate occupancy. Its prime location offers easy access to key businesses and infrastructure. Situated just one block from North Street and a block away from Washington Avenue, which is undergoing significant revitalization, the property benefits from proximity to BAE Systems and the IM3 facility. Endicott's economic landscape is experiencing positive growth, fueled by recent announcements including a new battery manufacturer and a substantial $160 million research and development grant. This presents a compelling opportunity to capitalize on a rapidly evolving community. The property's features and location make it ideal for a variety of medical practices or professional services.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $235,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $215,000
- Retail
- $250,000
- Mixed-Use
- $270,000
- Hospitality
- $240,000
- Educational
- $255,000
- Residential Income
- $225,000
- Energy
- $240,000
- Income-Based Land
- $220,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Endicott
- County
- Broome
- State
- New York
- Longitude
- -76.0498
- Latitude
- 42.1028
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA