Active
860 Road
Vestal NY, 13850
$1,999,000
Active
Commercial
Built in 1990
Offered for sale is this rare Vestal development opportunity. This is an approved development of a 128 Unit 55+ community in Vestal, NY. The existing structure is approximately 86,867 Square Feet the development plans call for increasing the square footage to approximately 135,597 Square Feet. The average income in Vestal is 44% higher for Households than the remainder of Broome County and 35% higher for families. This site is directly on Old Vestal Rd. with 531.76 ft of Vestal Rd frontage. This site is very close to the I86, State Route 434 and State Route 26 interchanges. This project has a low barrier to entry. At the asking price there is immediate equity. With an estimated end market value of $40,415,416. Estimated time to project completion is 18 months.
328528
MLSⓇ ID
December 24, 2024
Listed
January 13, 2025
Updated
Map
860 Road
Vestal NY, 13850
School Information
School District
Vestal
Other Property Details
Area Name
Area 06
Taxes
$12,774
Tax Frequency
Annually
Days on Market
20
Garage
No
View
No
County
Broome
Municipality
Vestal
Water Source
Public
Pool
No
Listed by Scott Warren with INNOVATIVE COMMERCIAL ADVISORS
Listing Contact: 607-621-0439
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Data last updated on 1/13/2025 at 3:47 PM UTC