518 Hooper Rd Endicott, NY 13760-1960
- Showrooms
- 9,490 SF
- 0.42 lot acres
Current Use by Public Records
- Opus Virtual Offices / Executive Suite Rental Agency / Telephone Answering Service
- Wayfare Facility Management / Janitorial Service
- Profit Management Solutions / Consultant
- One Stop Beer And Food And Smoke Shop / Convenience Store
- One Stop Beer and Smoke Shop / Convenience Store
Property Details for 518 Hooper Rd
- Year built
- 1980
- Lot size
- 0.42 lot acres
- Property size
- 9,490 SF
- Zone code
- NC
- Property type
- Showrooms
- APN
- 034689 142.09-6-36
- APU
- 3468914209636
Description
This exceptional mixed-use property at 518 Hooper Rd, Endicott, NY, presents a compelling investment opportunity. The 8,565 square foot building, constructed in 1980 and situated on a 20,537 square foot lot, features five units: three retail/office spaces and one two-bedroom residential apartment. Currently boasting 65% occupancy, this property offers immediate income potential. The included convenience store generates $300,000 in gross annual sales and is part of the sale, including all contents. The building benefits from a recently replaced roof (one year old), minimizing immediate maintenance needs. Zoned NC (Neighborhood Commercial), this property provides flexibility for a variety of retail ventures. Ample parking is available with 20 spaces. The property's prime location in Endicott, NY, within Broome County, ensures strong market demand and a vibrant local economy. This two-story building presents a rare opportunity to acquire a diversified portfolio asset with significant rental income potential and minimal immediate capital expenditure requirements. The combination of retail and residential units makes this a truly unique and attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $295,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $260,000
- Mixed-Use
- $240,000
- Hospitality
- $315,000
- Educational
- $260,000
- Residential Income
- $300,000
- Energy
- $320,000
- Income-Based Land
- $280,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Endicott
- County
- Broome
- State
- New York
- Longitude
- -76.0179
- Latitude
- 42.1178
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
