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A Pet Salon 171 Front St 8,722 SF Retail Building Vestal Township, NY 13850 $625,000 ($71.66/SF) 10.79% Cap Rate
Investment Highlights
- Three well-maintained buildings situated on a single parcel
- Residential tenants are month-to-month, offering future rental upside
- Ample on-site parking and a turnkey investment opportunity with long-term hold potential
- Nine tenants currently in place providing stabilized income
- Commercial tenants are secured with existing lease agreements
Executive Summary
Turnkey mixed-use investment opportunity featuring three well-maintained buildings on a single parcel with nine tenants currently in place, providing stabilized income from day one. The property offers a diverse income stream with residential tenants currently on month-to-month agreements, providing flexibility for future rent growth, while commercial tenants are secured under lease agreements for added stability. Ample on-site parking serves both residential and commercial occupants. A rare opportunity to acquire a well-kept, income-producing asset with proven performance and long-term investment potential.
Vestal is a primary suburban market within the Greater Binghamton area, with a population of over 30,000 and a direct connection to the region’s core economic drivers. The presence of Binghamton University, along with major healthcare and employment centers, supports consistent housing demand and year-round tenant stability.
Front Street serves as a key north-south corridor linking Vestal to Downtown Binghamton, with direct access to Route 17/I-86 and surrounding commercial districts. The area is supported by a mix of residential density, retail activity, and commuter traffic, reinforcing long-term occupancy and usability for both residential and commercial tenants.
Limited new supply, stable income levels, and strong ties to the university and healthcare sectors position Vestal as a reliable, cash-flow driven market within the Southern Tier.
Vestal is a primary suburban market within the Greater Binghamton area, with a population of over 30,000 and a direct connection to the region’s core economic drivers. The presence of Binghamton University, along with major healthcare and employment centers, supports consistent housing demand and year-round tenant stability.
Front Street serves as a key north-south corridor linking Vestal to Downtown Binghamton, with direct access to Route 17/I-86 and surrounding commercial districts. The area is supported by a mix of residential density, retail activity, and commuter traffic, reinforcing long-term occupancy and usability for both residential and commercial tenants.
Limited new supply, stable income levels, and strong ties to the university and healthcare sectors position Vestal as a reliable, cash-flow driven market within the Southern Tier.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,722 SF
Building Class
C
Year Built/Renovated
1970/1975
Price
$625,000
Price Per SF
$71.66
Cap Rate
10.79%
NOI
$67,446
Tenancy
Single
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.31 AC
Zoning
C-1 - Neighborhood Commercial District.
Parking
8 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
100’ on Front St
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 034800-173-023-0001-008-000-0000 | Total Assessment | $299,900 |
| Land Assessment | $35,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $264,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
034800-173-023-0001-008-000-0000
Land Assessment
$35,500
Improvements Assessment
$264,400
Total Assessment
$299,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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A Pet Salon | 171 Front St
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