213 Tracy Creek Rd

Ideally situated at 213 Tracy Creek Road in Vestal, NY, this property offers a peaceful, private setting just minutes from major thoroughfares. Located beside a Town of Vestal park with soccer fields, it combines a tranquil atmosphere with unmatched accessibility—only two blocks from NYS Route 434 and a short drive to the I-86 interchange. Its proximity to Apalachin and the greater Binghamton area makes it an ideal hub for regional access while retaining a quiet, functional location for institutional or professional use.Originally built as a school, this durable cement-and-brick structure has served the State of New York since 1989. Over $3 million has been invested across three phases of renovations, resulting in a highly secure, institutional-grade facility. The lease is structured as modified net with 1% annual rent increases, the tenant pays increases in major expenses - ensuring stable, increasing and predictable cash flow. The property features 3-phase electric, upgraded HVAC systems (including high-efficiency Mitsubishi units), a 3-year-old ballasted roof with 3” insulation, firewalled rooms, and a 5,000 SF gymnasium with 19’ ceilings. It is now leased to DASNY under a brand-new 10-year agreement at $10.50/SF plus utilities, janitorial, and select reimbursements (modified net lease). DASNY, a state agency with 75+ years of experience, is a national leader in public construction and finance, specializing in health and education infrastructure. Located in a quiet Vestal setting near Apalachin, adjacent to a town park and just two blocks from NYS Route 434, this property offers both long-term stability and strategic accessibility.