Office for Sale in Vestal, NY

  • Price: $1.2M
  • Listing type: For sale
  • Asset type: Office
  • Location: Vestal, NY 13850
  • Size: 10,880 SF
  • Year built: 1965

Description

Don't miss out on this exceptional opportunity in Vestal, NY! Presenting a Class A office building at 1040 Vestal Parkway East - spanning 10,880 SF of quality, accessibility and convenience. Strategically located on the bustling Vestal Parkway, less than a mile from the NYS Route 26 and I86 interchange and easy access to I86, I81 & I88 highways, this property offers unparalleled location and exposure to capitalize on upcoming developments in both Endicott and Binghamton areas. With Binghamton University 8-minutes away and the Binghamton MSA accessible within a 15-minute drive, this location is ideal for businesses seeking prime office or retail space. Inside, the building boasts high-end modern finishes, heating/air (4 separate units), 3-phase electric (4 separate meters), 6 restrooms, outdoor break area that welcomes employees and plenty of parking with 29 spaces onsite and an additional .33 ac of parking opportunity on the partially paved vacant lot across the street at 109 Brady Ave in Vestal. There are incredible floor to ceiling windows on the 1st floor creating wonderful exposure for any retail space. The 2nd floor has a reinforced steel and concrete floor enabling heavy equipment or machinery, perfect for a full size gym. The back features an elevated loading dock and ramp access. Surrounding amenities include various dining options such as Red Lobster, Olive Garden & California Grille and more. There is shopping, lodging, car dealerships, child care facilities, and the Vestal Rail Trail is just steps away for all the hikers and walkers. The current owner is offering to lease back the 2nd floor at $12/SF Gross, generating an annual income exceeding $65,000. This versatile property presents investment potential and owner-user options on the first floor or if needed, the entire building. Don't let this opportunity slip away - contact Jonalyn Cooper at KW Commercial in Binghamton today to schedule a viewing and discover the endless possibilities that 1040 Vestal

Market Context

This office in Vestal, NY is listed for sale at $1,199,000 across 10,880 SF ($110/SF). The building dates to 1965. It has been on the market for 39 days. Compare it against other office listings for sale in Vestal, NY — <a href="/search/sale/office/new-york/vestal">view the full market</a>.

Unified Estimate

Low Confidence

$93.67/SF – $126.73/SF

Mid: $110.20/SF

Total estimate for 10,880 SF: $1,198,976

Rate estimator only; cost-of-business estimate unavailable.

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