860 Vestal rd.
860 Vestal Rd.
Vestal, NY 13850
Highlights
- Rare Vestal Development Opportunity.
- Low barrier to entry project.
- Close proximity to State Route 434 and the I86 Interchange.
- Senior housing.
- 128 Planned Units
- Estimated end market value $40,415,416
Description
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.
An Ideal location for many types of housing. This is visible from the Route 26 Bridge from Vestal to Endicott. On the Vestal side. Fast and easy access to the I86, I81 and State Route 434 interchanges. This location is a 15 minute drive time to the entire Binghamton MSA.
