2025/2029 State Route 26
- 5± Acres with 415± Feet of Route 26 Frontage – Two contiguous parcels offering excellent visibility, access, and development potential.
- Multifamily Development Opportunity – Potential for affordable, workforce, or senior housing, subject to required Town of Vestal approvals and variances.
- Strategic Vestal Location– Directly across from an established 30-unit senior apartment community and convenient to Vestal Center, Vestal Parkway, and Binghamton University.
Property Description
Development opportunity featuring two contiguous parcels totaling approximately 5 acres with approximately 415 feet of frontage along Route 26 in Vestal, NY. Located just north of Vestal Center and directly across from Vestal Chateau Apartments, a 30-unit senior apartment community consisting of 20 one-bedroom and 10 two-bedroom units, the site offers strong potential for additional multifamily development. Currently zoned Rural Residential, the acreage may be well suited for an apartment complex or other residential development, subject to Town of Vestal zoning approvals and any required variances. With its size, frontage, accessibility, and proximity to established multifamily housing, this property represents a compelling opportunity for developers seeking a well-positioned site in the Vestal market. This 5-acre site presents a compelling opportunity for affordable, workforce, or senior housing development. A qualifying project may be eligible for a variety of federal, state, and local financing incentives, including Low-Income Housing Tax Credits (LIHTC), NYS HCR affordable housing programs, HOME funding, Housing Trust Fund assistance, and potential local PILOT and tax incentives. With an existing 30-unit affordable senior housing community directly across the street, the site offers an attractive location for developers seeking to expand much-needed housing options in the Vestal market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $99,000 |
| Lot Size: | 5.24 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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