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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
- 16 income-producing spaces across three buildings
- Stable cash flow with identifiable rental upside
- Ample parking and excellent Front Street visibility
- Diversified commercial, residential, and garage income
- Established tenant base with long-term investment potential
- Minutes from Binghamton University, major employers, and Route 17/I-86
Executive Summary
171 Front Street brings together 16 income-producing spaces into a single, diversified investment. The property includes six commercial suites, four residential apartments, and six detached garages, creating multiple independent revenue streams that provide stable cash flow today and identifiable upside for tomorrow. Commercial tenants are secured through existing lease agreements, while the residential apartments are leased month-to-month, offering flexibility to increase rents over time. Additional income from detached garages further enhances the property's long-term earning potential.
Ample on-site parking supports both commercial and residential tenants, while the property's well-maintained condition and established tenant base provide a strong foundation for continued performance. Combining diversified income, stable in-place cash flow, and opportunities for future revenue growth, 171 Front Street offers investors a compelling mixed-use asset in one of Vestal's most established commercial corridors.
Ample on-site parking supports both commercial and residential tenants, while the property's well-maintained condition and established tenant base provide a strong foundation for continued performance. Combining diversified income, stable in-place cash flow, and opportunities for future revenue growth, 171 Front Street offers investors a compelling mixed-use asset in one of Vestal's most established commercial corridors.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$114,000
|
$13.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,700
|
$0.65
|
| Effective Gross Income |
$108,300
|
$12.42
|
| Taxes |
$9,012
|
$1.03
|
| Operating Expenses |
$31,841
|
$3.65
|
| Total Expenses |
$40,853
|
$4.68
|
| Net Operating Income |
$67,447
|
$7.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $13.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,700 |
| Annual Per SF | $0.65 |
| Effective Gross Income | |
|---|---|
| Annual | $108,300 |
| Annual Per SF | $12.42 |
| Taxes | |
|---|---|
| Annual | $9,012 |
| Annual Per SF | $1.03 |
| Operating Expenses | |
|---|---|
| Annual | $31,841 |
| Annual Per SF | $3.65 |
| Total Expenses | |
|---|---|
| Annual | $40,853 |
| Annual Per SF | $4.68 |
| Net Operating Income | |
|---|---|
| Annual | $67,447 |
| Annual Per SF | $7.73 |
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- A Pet Salon
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| A Pet Salon | Services | - | - | - |
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 | $9,012 ($1.03/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
$9,012 ($1.03/SF)
Tax Year
2025
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A Pet Salon | 171 Front St
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