200 Front StVestal, NY 13850

For Sale
$1,690,000

100% Leased, Multi-Tenant Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A medical office building, located at 200 Front Street in Vestal, NY, presents a compelling investment opportunity. The 23,000-square-foot, single-story building boasts 100% occupancy across five units, generating a strong cash flow. Constructed in 1968 and extensively renovated in 2012, the property features ample parking (105 spaces) on a 1.37-acre lot. Its prime location, just a short distance from the I-81 & NY-17 interchange and Vestal Parkway East's retail hub, ensures high visibility and accessibility. The building is zoned C1 and offers long-term tenants with a modified lease structure. The stabilized investment features a competitive cap rate and presents potential for upside. With its strong tenant base and desirable location, this property is an ideal acquisition for both investors and owner-users seeking a stable, high-performing asset in the thriving Vestal market. The asking price is $1,690,000, translating to $73.48 per square foot.

Highlights

  • Multi-tenant medical office building offering an excellent investment opportunity.
  • 23,000 square foot building.
  • 100% leased to long-term tenants.
  • Attractive cap rate.
  • Significant upside potential through lease expirations or owner-occupancy.
  • Owner-user option available.

Property Details for 200 Front St

Property type
Other office properties, Medical offices
Square Feet
23,000 SF
Class
A
Year Built/Renovated
1968/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
59,677 SF
Units
5

Location Insight

City
Vestal
County
Broome
State
New York
Latitude
42.085639100591
Longitude
-76.056506598072
200 Front St, Vestal, New York

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200 Front St
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