860 Vestal Rd.

For Sale

860 Vestal Rd., Vestal, NY 13850

This Vestal property for sale is located at 860 Vestal Rd.. The current listed sale price for 860 Vestal Rd. is $1,599,000. 860 Vestal Rd. is situated on a lot that is 5.06 acre in size.

Contacts

broker
Scott Warren, CCIM

SVN | Innovative Commercial Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 86,867 SF
  • Units 128
  • Lot Size 5.06 Acre
  • Date Updated Apr 14, 2025
Strategically located on the Vestal side of the Route 26 Bridge to Endicott, this site offers unmatched visibility and convenience. With direct access to I-86, I-81, and State Route 434, the property is exceptionally well-connected to regional highways and transportation networks. Residents will enjoy a quick 15-minute drive to all corners of the Greater Binghamton MSA, making it an ideal location for senior living or other residential development. Its central positioning ensures accessibility while maintaining proximity to shopping, healthcare, and recreational amenities.With approved plans for a 128-unit 55+ community, this project includes the expansion of the existing 86,867 SF structure to a total of approximately 135,597 SF. The 5.06-acre parcel offers over 530 feet of road frontage on Old Vestal Road and exceptional connectivity—just minutes from I-86, State Route 434, and State Route 26. Strategically positioned in a high-income area where household incomes exceed the Broome County average by 44%, the site supports strong demand for quality senior housing. At a proposed sale price of $1,599,000 and an estimated stabilized market value (post-renovation) exceeding $40 million, this opportunity offers immediate equity, favorable pricing, and a compelling 18-month development timeline.
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Highlights

  • Approved for 128 senior housing units
  • Projected NOI: $2.42M (post-renovation)
  • Estimated Market Value: $40.4M (post-renovation)
  • High-Yield Metrics: 151.65% cap rate | 10.10% Year 1 CoC return (post-renovation)
  • Low cost basis: $12,492 per unit | $18/SF
  • Strong Market: Household incomes 44% above Broome County average
  • Visible Location: Seen from Route 26 Bridge with 15-min access to entire Binghamton MSA
  • Expedited Development: 18-month completion timeline
  • Excellent Accessibility: Near I-86, I-81, and State Route 434

Getting around

  • 6/100

    Walk Score ®

  • 35/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Vestal, NY
  • Zip Code 13850

Points of Interest

  • Speedway

    0.62 miles

  • Sunoco

    1.20 miles

  • Bryne Dairy

    1.32 miles

  • Kwik Fill

    1.33 miles

  • Manley's Mighty Mart

    1.37 miles

  • Citgo

    1.94 miles

  • Mirabito

    1.98 miles

  • Tesla Supercharger

    7.83 miles

  • Vestal Rail Trail

    0.84 miles

  • Lot ZZ North

    3.02 miles

  • Lot ZZ South

    3.06 miles

  • Lot Z

    3.15 miles

  • Lot M4

    3.24 miles

  • Lot I

    3.26 miles

  • Lot M3

    3.27 miles

  • Lot H

    3.29 miles

  • Lot X

    3.30 miles

  • North Street Motor Lodge

    0.83 miles

  • Endwell Motel

    1.15 miles

  • Comfort Suites

    2.36 miles

  • Tru by Hilton Vestal

    2.61 miles

  • Homewood Suites

    2.66 miles

  • Candlewood Suites

    2.72 miles

  • Holiday Inn Express & Suites

    2.72 miles

  • Hampton Inn & Suites Binghamton/Vestal

    2.87 miles

  • Traditions Hotel & Spa

    2.89 miles

  • Courtyard

    2.98 miles

  • Century 21

    0.85 miles

  • ALDI

    0.99 miles

  • Price Chopper

    1.01 miles

  • Big Lots

    1.05 miles

  • Walmart Supercenter

    1.27 miles

  • TJ Maxx

    1.33 miles

  • Weis

    1.60 miles

  • Target

    1.88 miles

  • Kohl's

    2.16 miles

  • Kim's Oriental Grocery

    2.95 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Scott Warren, CCIM

SVN | Innovative Commercial Advisors

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