102-106 Main StEndicott, NY 13760

For Sale
$1,928,998

33 Units, High ROI, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a portfolio of four mixed-use buildings totaling 28,287 square feet in Endicott, NY. Located at 102-106 West Main Street, 310 East Main Street, 1104 Monroe Street, and 303 Robble Avenue, this portfolio comprises 33 units, including two commercial spaces. The properties boast a combined gross rent of $320,316, generating a substantial net operating income (NOI) of $182,179.17, resulting in a compelling 9.44% capitalization rate. Built in 1960, the portfolio sits on a 0.87-acre lot and offers a price per unit of $54,454 and a price per square foot of $18. The properties benefit from a high-traffic corner location on Main Street, with an average daily traffic count of 24,359 vehicles. One commercial space features a new AC unit and a long-term tenant. Residential rents are currently below market value, presenting significant upside potential. This package must be purchased as a whole. The asking price for this lucrative investment is $1,928,998. The area is experiencing significant growth due to recent additions of a battery manufacturer and a solar manufacturer. This portfolio represents a strong investment in a thriving market, with nearby amenities including the Cider Mill, McCoy's Chophouse, and George W. Johnson Park. The walkability score is 72. The properties are located in a municipal electric zone.

Highlights

  • High-traffic corner lot.
  • 24,359 average daily traffic count.
  • Main Street frontage at a state highway intersection.
  • New commercial HVAC system.
  • Long-term commercial tenant in place.
  • Below-market residential rents.

Property Details for 102-106 Main St

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
3,992 SF
Year Built
1960
Lot Size (sq. ft)
37,897 SF
Units
33

Location Insight

City
Endicott
County
Broome
State
New York
Latitude
42.0948174
Longitude
-76.0655526
102-106 Main St, Endicott, New York

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102-106 Main St
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