request_info_guest false
Street View
Map
49 Photos

Front Street Portfolio

$650,000

171 Front St, Vestal, NY 13850

Active
Last Updated: 03/18/2026

8,722 sqft

Building Size

0.3076 acres

Lot Area

Details:
Building Size:    8,722 sqft
Lot Area:    0.3076 acres
Occupancy:    100%
Units:    7
Year Built:    1970
Floors:    2
Parking Spots:    10
Highlights:
  • Three-building mixed-use portfolio with eight total units
  • 10% cap rate supported by strong in-place income
  • Multiple income streams across residential, commercial, and garage units
  • Front Street frontage with visibility and established local tenancy
  • Well maintained with operational efficiencies in place
  • Located in Vestal with steady demand and regional connectivity
Description:

Offered at a 10% cap rate, this three-building mixed-use portfolio presents an opportunity to acquire an income-producing asset above prevailing market returns. Comparable sales in the area average closer to the 8% range, positioning this offering with an immediate yield advantage and built-in downside protection.

The portfolio consists of eight total units across residential and street-level commercial space, supported by consistent demand in the Vestal market. Additional income from on-site garages and diversified tenancy across multiple buildings contributes to stable performance.

Current rents provide a clear path for growth, with in-place income below market levels and the ability to increase cash flow through lease adjustments over time.

Vestal is a primary suburban market within the Greater Binghamton area, with a population of over 30,000 and a direct connection to the region’s core economic drivers. The presence of Binghamton University, along with major healthcare and employment centers, supports consistent housing demand and year-round tenant stability.

Front Street serves as a key north-south corridor linking Vestal to Downtown Binghamton, with direct access to Route 17/I-86 and surrounding commercial districts. The area is supported by a mix of residential density, retail activity, and commuter traffic, reinforcing long-term occupancy and usability for both residential and commercial tenants.

Limited new supply, stable income levels, and strong ties to the university and healthcare sectors position Vestal as a reliable, cash-flow driven market within the Southern Tier.

Map:
Documents:
Title
Front_Street_Portfolio_OM_3.17.26.pdf
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery