860 Vestal Rd Vestal, NY 13850
Property profile & analytics
860 Vestal Rd Vestal, NY 13850
- Assisted living facilities
- 80,139 SF
- 5.06 lot acres
Property ID
US63-3122256
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Assisted living facilities
Property Details for 860 Vestal Rd
- Year built
- 1975
- Lot size
- 5.06 lot acres
- Property size
- 80,139 SF
- Zone code
- RC
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 034800 157.58-2-6
- APU
- 348001575826
Description
This exceptional redevelopment opportunity presents a 100,000 square foot, three-story brick building situated on a 5.06-acre lot in Vestal, New York. Previously approved for conversion into a 128-unit multifamily development, this former nursing home offers significant potential for various uses, including market-rate or student housing. Its prime location in Vestal, a highly desirable community, provides easy access to major highway systems and is approximately 3.7 miles from Binghamton University. The substantial existing structure, built in 1990, minimizes initial construction costs, while the ample land provides flexibility for future expansion or additional amenities. The asking price is $2,395,000, translating to $23.95 per square foot. This property represents a unique chance to capitalize on a strong location and a substantial existing building, offering a compelling return on investment for a developer seeking a high-impact project in a thriving upstate New York community. The property's history as a long-standing nursing home provides a solid foundation for a variety of redevelopment scenarios. Its proximity to Binghamton University makes it particularly attractive for student housing, while its size and location also lend themselves to market-rate apartments. The existing infrastructure significantly reduces the upfront costs associated with new construction, allowing for a faster return on investment. This is a rare opportunity to acquire a large-scale property with significant upside potential in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vestal
- County
- Broome
- State
- New York
- Longitude
- -76.0386
- Latitude
- 42.0935
- CBSA code
- 13780
- CBSA name
- BINGHAMTON, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$150,000
$50,000
$200,000
-
$150,000
$50,000
$200,000
