Property profile

3701 Vestal Pkwy E Vestal, NY 13850

FOR LEASE
Community centers
Property ID
US63-1327978
117,267 SF 17.65 ac lot Built 1980
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Campus Plaza, located at 3701 Vestal Parkway East in Vestal, NY (zip code 13850), presents a compelling retail investment opportunity. This 160,744 square foot neighborhood/community center, built in 1990, sits on a sizable 17.65-acre lot and boasts 3,200 parking spaces. Currently, there are three available retail spaces ranging from 2,496 to 13,205 square feet, totaling 19,993 square feet of vacant space. The property is zoned C-2 and is situated in Broome County. Its strategic location offers exceptional visibility and accessibility. With over 37,000 vehicles passing daily on Vestal Parkway, the center benefits from high traffic counts. Furthermore, its proximity to Route 17/86 and Route 201 ensures convenient access for customers. The center is anchored by Olum's Furniture & Appliance and includes national retailers such as Rite Aid, Goodwill, AAA, and Applebee's. A significant advantage is its proximity to SUNY Binghamton University, with a student population exceeding 25,000, providing a substantial and readily available customer base within walking distance. This combination of strong anchors, high visibility, convenient access, and a large student population makes Campus Plaza an attractive investment for retail businesses seeking a thriving location in Vestal, New York.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1980
Total area 117,267 SF
Lot 17.65 ac (768,834 SF)
Zoning code C-2
APN 034800 158.12-2-4
UPID US63-1327978

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
  • Credit Union
  • Pharmacy
  • Discount Store
  • Courier Service Postal Service
  • Courier Service Postal Service

Location

3701 Vestal Pkwy E Vestal, NY 13850
Vestal metro Census 14301 BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.50M

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

C-2 · Vestal, NY
Zoning description

Allowable as an accessory use. P Allowable as a use permitted by right. T Allowable upon obtaining a special permit from the town board. Z Allowable upon obtaining a special permit from the zoning board of appeals. C-1 C…

General category CIVIC_INSTITUTIONAL

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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