860 Vestal Rd.

860 Vestal Rd., Vestal, NY 13850

  • For Sale $1,599,000
  • Property Type Multi-Family
  • Property Size 86,867 SF
  • Units 128
  • Lot Size 5.06 Acre
  • Date Updated Jun 10, 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
  • Estimated Market Value: $40.4M (post-renovation)
  • Excellent Accessibility: Near I-86, I-81, and State Route 434
  • Expedited Development: 18-month completion timeline
  • High-Yield Metrics: 151.65% cap rate | 10.10% Year 1 CoC return (post-renovation)
  • Low cost basis: $12,492 per unit | $18/SF
  • Projected NOI: $2.42M (post-renovation)
  • Strong Market: Household incomes 44% above Broome County average
  • Visible Location: Seen from Route 26 Bridge with 15-min access to entire Binghamton MSA

Contacts

broker

SVN | Innovative Commercial Advisors

Location

Getting Around

  • Walk Score ®

    6/100 Car-Dependent
  • Bike Score ®

    35/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • California Grill

    0.30 miles

  • Olive Garden

    0.40 miles

  • Red Lobster

    0.47 miles

  • Lemongrass Kitchen

    0.58 miles

  • Wendy's

    0.59 miles

  • Empanada Stand

    0.60 miles

  • Arashiyama

    0.61 miles

  • Skylark Diner

    0.66 miles

  • Subway

    0.76 miles

  • Pantheon

    0.79 miles

  • Union-Endicott High School

    0.57 miles

  • Broad Street School

    0.63 miles

  • Henry B Endicott Public School

    0.75 miles

  • Jennie F Snapp Middle School

    1.25 miles

  • George W Johnson School

    1.31 miles

  • Vestal Middle School

    1.33 miles

  • Saint Anthonys School

    1.44 miles

  • George F Johnson School

    2.02 miles

  • Brink School

    2.03 miles

  • Glenwood School

    2.12 miles

  • Tutor Time

    0.35 miles

  • First Presbyerian Nursery School

    0.70 miles

  • ABC Child Care & Learning Center

    2.03 miles

  • Lourdes Childcare Center

    5.10 miles

Frequently Asked Questions

How much does 860 Vestal Rd. cost?

The space currently listed for sale at 860 Vestal Rd. asks for $1,599,000.

What is the total square footage of 860 Vestal Rd.?

860 Vestal Rd. totals 86,867 square feet.

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Contact Listing Broker
broker

SVN | Innovative Commercial Advisors

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