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29 Adams Avenue 29 Adams Ave 9,810 SF 100% Leased Office Building Endicott, NY 13760 $1,100,000 ($112.13/SF) 11.25% Cap Rate
Investment Highlights
- Fully leased office complex generating income under a modified NNN lease.
- Positioned within an Opportunity/Hub Zone, offering potential tax incentives.
- Offered at $1,345,000 with a 9.2% capitalization rate, providing strong investment value.
- Conveniently located in central Endicott with easy access to NY State Route 86.
- On-site parking available on both sides of the building for tenant convenience.
- 9,810 SF building situated on a 0.07-acre parcel in a well-established business area.
Executive Summary
This fully leased office complex at 29-31 Adams Avenue in Endicott, NY offers an attractive investment opportunity with a strong income stream. The property spans 9,810 square feet and is situated on a 0.07-acre parcel in the heart of Endicott, providing convenient access to NY State Route 86 and surrounding amenities. Currently operating under a modified NNN lease structure, the asset delivers stable cash flow and reduced landlord responsibilities, making it a low-maintenance investment.
The property is located within an Opportunity/Hub Zone, offering potential tax advantages for qualifying investors. With parking available on both sides of the building, the site accommodates tenant and visitor needs efficiently. Priced at $1,345,000 with a 9.2% cap rate, this offering combines affordability with strong returns in a market that benefits from steady demand for professional office space.
The property is located within an Opportunity/Hub Zone, offering potential tax advantages for qualifying investors. With parking available on both sides of the building, the site accommodates tenant and visitor needs efficiently. Priced at $1,345,000 with a 9.2% cap rate, this offering combines affordability with strong returns in a market that benefits from steady demand for professional office space.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,810 SF
Building Class
B
Year Built
1993
Price
$1,100,000
Price Per SF
$112.13
Cap Rate
11.25%
NOI
$123,740
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
9,810 SF
Building FAR
0.36
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
V-Endicott
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 034601-157-007-0002-025-000-0000 | Improvements Assessment | $6,850 |
| Land Assessment | $3,600 | Total Assessment | $10,450 |
Property Taxes
Parcel Number
034601-157-007-0002-025-000-0000
Land Assessment
$3,600
Improvements Assessment
$6,850
Total Assessment
$10,450
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