1040 Vestal PkwyVestal, NY 13850

For Sale
$1,199,000

Class A, 10,880 SF, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A mixed-use property, located at 1040 Vestal Parkway East in Vestal, NY, offers 10,880 square feet of versatile space. The building, constructed in 1965 and renovated in 2006 and 2013, sits on a 0.79-acre lot and boasts a prime location with over 100 feet of road frontage on the Vestal Parkway, enjoying high visibility and traffic counts exceeding 26,000 vehicles daily. Its proximity to the I-86 and NY Route 26 interchange (less than a mile away), I-81 and I-88, ensures easy access and high traffic volume. The property is also conveniently located just eight minutes from Binghamton University and fifteen minutes from downtown Binghamton. The building features high-end modern finishes, four separate heating/air units, four separate 3-phase electric meters, six restrooms, and an outdoor break area. Ample parking is available on-site, with over 40 spaces, and an additional 0.33 acres of partially paved vacant lot across the street at 109 Brady Ave. The first floor features floor-to-ceiling windows, ideal for retail, while the second floor, with its reinforced steel and concrete floor, is suitable for heavy equipment or a gym. A loading dock and ramp access are located at the rear of the building. The property is zoned for general shopping and offers significant investment potential. The current owner is offering an optional lease-back of the second floor at $12 per square foot gross, generating an annual income exceeding $65,000. Surrounding amenities include numerous dining and shopping options, lodging, car dealerships, and childcare facilities. The Vestal Rail Trail is also nearby. This property presents a unique opportunity for owner-users or investors seeking a high-traffic, versatile location in a thriving area.

Highlights

  • 100' of Vestal Parkway frontage provides excellent visibility.
  • Less than one mile from I-86 and NY Route 26 interchange.
  • Vestal Parkway boasts over 26,000 vehicles daily.
  • I-86 sees over 48,000 vehicles daily.
  • 8-minute drive to Binghamton University; 15-minute drive to Downtown Binghamton.
  • Seller offers leaseback of the second floor, generating over $65,000 annual income.

Property Details for 1040 Vestal Pkwy

Property type
Individual retail properties, Other retail properties
Square Feet
10,880 SF
Class
A
Year Built
1965
Buildings
1
Stories
2
Lot Size (sq. ft)
34,412 SF

Location Insight

City
Vestal
County
Broome
State
New York
Latitude
42.09104478
Longitude
-76.03393016
1040 Vestal Pkwy, Vestal, New York

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1040 Vestal Pkwy
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