1104 Union Center Maine HwyEndicott, NY 13760

For Sale
$425,000

High-traffic location, 4 units, great ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 1104 Union Center Maine Highway in Endicott, New York, presents a compelling investment opportunity. The 5,832 square foot building, constructed in 1970 and extensively renovated in 2023, sits on a sizable 16,800 square foot lot and boasts a desirable commercial zoning designation. The property comprises four units: a spacious 2,900 square foot commercial space currently generating approximately $1,500 per month in rental income, a vacant three-bedroom apartment with rental potential exceeding $1,300 per month, and two one-bedroom apartments renting for $684 and $900 per month (inclusive of utilities for one). The asking price is $425,000, reflecting a pro-forma cap rate of 9.88% and a pro-forma NOI of $42,000. Its strategic location across from Weis Markets and adjacent to CVS Pharmacy ensures high visibility and consistent foot traffic, further enhanced by its proximity to other popular local businesses, resulting in an estimated daily traffic count of approximately 11,000 vehicles. This property offers significant upside potential for both rental income and future appreciation, making it an ideal investment for discerning buyers seeking a strong return on investment in a thriving commercial corridor. The sale is offered under a modified lease type, with the property currently having zero tenants.

Highlights

  • High-traffic location near CVS, Phil's Chicken House, Weiss Market, and a gas station (approx. 11,000 daily vehicles).
  • Four-unit property: one 2,900 sq. ft. commercial space ($1,500/month), one vacant 3-bedroom apartment (potential rent $1,300+/month), and two 1-bedroom apartments ($684/month + utilities and $900/month including utilities).
  • Excellent investment opportunity in West Corners.

Property Details for 1104 Union Center Maine Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
5,832 SF
Year Built/Renovated
1970/2023
Units
4

Location Insight

City
Endicott
County
Broome
State
New York
Latitude
42.1108358
Longitude
-76.0706916
1104 Union Center Maine Hwy, Endicott, New York

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1104 Union Center Maine Hwy
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