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171, 171.5, 175 Front Street 2 Retail Properties Offered at $650,000 in Vestal Township, NY
Investment Highlights
- Three-building mixed-use portfolio with eight total units
- Multiple income streams across residential, commercial, and garage units
- Located in Vestal with steady demand and regional connectivity
- 10% cap rate supported by strong in-place income
- Front Street frontage with visibility and established local tenancy
Executive Summary
Offered at a 10% cap rate, this three-building mixed-use portfolio presents an opportunity to acquire an income-producing asset above prevailing market returns. Comparable sales in the area average closer to the 8% range, positioning this offering with an immediate yield advantage and built-in downside protection.
The portfolio consists of eight total units across residential and street-level commercial space, supported by consistent demand in the Vestal market. Additional income from on-site garages and diversified tenancy across multiple buildings contributes to stable performance.
Current rents provide a clear path for growth, with in-place income below market levels and the ability to increase cash flow through lease adjustments over time.
The portfolio consists of eight total units across residential and street-level commercial space, supported by consistent demand in the Vestal market. Additional income from on-site garages and diversified tenancy across multiple buildings contributes to stable performance.
Current rents provide a clear path for growth, with in-place income below market levels and the ability to increase cash flow through lease adjustments over time.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$112,800
|
| Other Income |
-
|
| Vacancy Loss |
$5,640
|
| Effective Gross Income |
$107,160
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$42,162
|
| Net Operating Income |
$64,998
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $112,800 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,640 |
| Effective Gross Income | |
|---|---|
| Annual | $107,160 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $42,162 |
| Net Operating Income | |
|---|---|
| Annual | $64,998 |
Property Facts
| Price | $650,000 | Number of Properties | 2 |
| Price / SF | $81.41 / SF | Individually For Sale | 0 |
| Cap Rate | 10% | Total Building Size | 7,984 SF |
| Sale Type | Investment | Total Land Area | 0.62 AC |
| Status | Active |
| Price | $650,000 |
| Price / SF | $81.41 / SF |
| Cap Rate | 10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,984 SF |
| Total Land Area | 0.62 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Hair It Is
175 Front St, Vestal Township, NY 13850 |
Retail | 4,622 SF | - | - |
|
A Pet Salon
171 Front St, Vestal Township, NY 13850 |
Retail | 3,362 SF | - | - |
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171, 171.5, 175 Front Street
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