303 Robble Ave.

303 Robble Ave Endicott, NY 13760

303 Robble Ave, Endicott, NY, 13760
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$299,999
Last Verified:
Sep 25, 2024

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Highlights

  • Federal Opportunity Zone
  • Walking distance to the Huron Campus, BAE Systems and IM3
  • Solid Brick Building
  • Fully leased

Description

Located in the heart of Endicott, NY—a town known as the birthplace of IBM and Endicott Johnson Shoes—this well-maintained 5-unit building offers a prime investment opportunity in a rapidly growing area. With the recent announcements of a new Battery Manufacturer and Solar Manufacturer coming to the region, significant job growth is projected, further enhancing the area’s appeal. This multifamily property is ideally situated within walking distance of major employers such as The Huron Campus, BAE Systems, and IM3. Positioned in a Federal Opportunity Zone, this fully leased building is in excellent condition and features ample off-street parking. It’s a rare chance to invest in a thriving market with long-term potential.

This prime location is situated in the heart of Endicott, NY, a town rich with history as the birthplace of IBM and Endicott Johnson Shoes. The area is experiencing a resurgence, with recent announcements of a major Battery Manufacturer and Solar Manufacturer set to establish operations nearby, bringing a significant influx of new jobs. This solid multifamily property is ideally positioned within walking distance of key employers such as The Huron Campus, BAE Systems, and IM3. Located in a designated Federal Opportunity Zone, it offers compelling incentives for investors looking to capitalize on the area's growth and revitalization.


Year Built: 1970
Building Size: 3992sq ft
Lot Size: 0.14 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 303 Robble Ave, Endicott, NY, 13760

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.