Available For Sale - Multifamily

86,867 SF | Show Pricing $

LISTED BY

Scott Warren CCIM
SVN | Innovative Commercial Advisors,

AVAILABILITY DETAILS

Size
86,867 SF
Price/SF
Show Pricing $
Listing ID
SA560571
Notes
Presenting a prime development opportunity in Vestal, NY, with approved plans for a 128-unit 55+ community. The project includes expanding the existing 86,867 SF structure to approximately 135,597 SF. Situated on Old Vestal Rd., the property features 531.76 feet of road frontage and seamless access to I-86, State Route 434, and State Route 26.



Household incomes in Vestal exceed the Broome County average by 44%, and family incomes are 35% higher, underscoring the area’s strong market potential. The project offers immediate equity at the asking price, with an estimated end market value of $40,415,416 and a projected completion timeline of 18 months.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Scott Warren CCIM, SVN | Innovative Commercial Advisors