310 E Main St

310 E Main St Endicott, NY 13760

310 E Main St, Endicott, NY, 13760
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$799,999
Last Verified:
Nov 04, 2024

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Highlights

  • 14, 1 Bed Units
  • Directly on Main St.
  • Municipal Electric Zone
  • Fast and easy access to major roadways
  • Central to the Endicott market
  • A rapidly developing area

Description

This fully leased 14-unit building on Main Street in Endicott offers a remarkable investment opportunity in a rapidly developing market. Located in the historic birthplace of IBM and Endicott Johnson Shoes, this property is perfectly positioned to capitalize on the area’s growth, spurred by the introduction of new Battery and Solar Manufacturers. The building features 14 one-bedroom units and ample off-street parking, making it a highly attractive option for renters. With excellent access to major roadways such as 17C, NYS Route 26, and I-86, and an impressive daily traffic count of 25,012 vehicles, this property boasts outstanding visibility and accessibility in the heart of Endicott’s expanding market. This building must be purchased as a package with 1104 Monroe Ave.

This prime location on Main Street in Endicott is perfectly positioned to benefit from the area’s rapid development. Endicott, famously known as the birthplace of IBM and Endicott Johnson Shoes, is now experiencing renewed growth with the arrival of a new Battery Manufacturer and Solar Manufacturer, driving significant demand in the local real estate market. Centrally located in Endicott, this site offers excellent connectivity with quick, easy access to major roadways including 17C, NYS Route 26, and I-86. With an impressive average daily traffic count of 25,012, this location offers outstanding visibility and accessibility for any investment venture.


Year Built: 1970
Building Size: 7072sq ft
Lot Size: 0.27 acres


Documents

Investment Analysis (27).pdf
SVN - OM/Proposal/BOV (P)

Map of 310 E Main St, 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.