Property profile

2801 East Main St Endwell, NY 13760

FOR LEASE
Strip malls
Property ID
US63-3348910
27,533 SF 1.9 ac lot Built 1980
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Endwell, NY property presents a unique investment opportunity. The 34,344 square foot property, situated on a 1.9-acre lot, is currently configured as a family entertainment facility, offering significant potential for redevelopment. The existing 6,500 square foot space is ideally suited for conversion into a daycare center, addressing a critical community need. Economic development funds may be available to support such a project. The building, a Class B property with two single-story structures renovated in 2016, boasts a 12-foot ceiling height. Its strategic location at the intersection of Main Street and North Street in Endwell ensures high visibility and accessibility, with ingress and egress from both major roads. The area experiences approximately 20,000 vehicles daily. The property benefits from its proximity to several residential neighborhoods and is surrounded by national retailers including Little Caesars, Subway, Advance Auto, McDonald's, Burger King, AutoZone, Cricket Wireless, and Dunkin' Donuts. The zoning is commercial. This property offers a compelling blend of existing infrastructure and high growth potential, making it an attractive investment for both developers and entrepreneurs. The current layout includes an indoor play area, concession/kitchen area, and two large meeting/classroom areas, providing a solid foundation for a daycare conversion or other suitable commercial use.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Total area 27,533 SF
Lot 1.9 ac (82,764 SF)
Zoning code GC
APN 034689 157.08-2-9
UPID US63-3348910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Radio Station Telecommunications Service
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

2801 East Main St Endwell, NY 13760
Endwell metro Census 13100 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2004
1 recorded transaction
2004
$800,000

Zoning & alternative use

GC · Endicott, NY
Zoning description

GC District is established to provide areas for intensive commercial activities that primarily depend upon a large volume of vehicular traffic and serve the daily shopping needs of the community-at-large and surrounding…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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