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1179 Vestal Ave 8,500 SF 100% Leased Retail Building Binghamton, NY 13903 $1,150,000 ($135.29/SF)
INVESTMENT HIGHLIGHTS
- Lease Terms: 1/1/2025 – 12/31/2027. Annual Rent: $110,400 NNN
- (1) 3-year option to renew at $112,800/year NNN
- Out of 500-year flood plain
- Landlord responsible for: Roof, structure, HVAC replacement
- Long term tenant
- Metal corrugated siding added in 2021 along the western side of the building
EXECUTIVE SUMMARY
Excellent investment opportunity! In an area of limited retail space. Close to Binghamton General Hospital.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,500 SF
Building Class
C
Year Built
1975
Price
$1,150,000
Price Per SF
$135.29
Percent Leased
100%
Building Height
1 Story
Building FAR
0.40
Lot Size
0.49 AC
Parking
17 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
106’ on Vestal Ave
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 030200-160-072-0002-008-000-0000 | Improvements Assessment | $300,200 |
| Land Assessment | $62,300 | Total Assessment | $362,500 |
PROPERTY TAXES
Parcel Number
030200-160-072-0002-008-000-0000
Land Assessment
$62,300
Improvements Assessment
$300,200
Total Assessment
$362,500
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1179 Vestal Ave
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