122 Washington Ave
Office | 7.32% CAP | 4,575 SqFt
Marketing description
122 Washington Avenue presents an opportunity to acquire a mixed-use asset positioned within one of Endicott’s most established commercial corridors. The property consists of four residential apartments, each configured as 2-bedroom units, along with two ground-floor commercial spaces that provide diversified income streams and long-term operational flexibility.
The building contains approximately 4,575 square feet and benefits from a highly visible location surrounded by neighborhood retail, service businesses, employment centers, and ongoing redevelopment activity throughout the Endicott market. The residential component supports consistent rental demand driven by proximity to major employers and regional amenities, while the commercial storefronts offer exposure along a heavily traveled corridor.
The property is well suited for investors seeking a stable mixed-use asset with the ability to further increase value through strategic renovations, storefront repositioning, or future rental adjustments. Based on proforma projections, the property has the potential to generate approximately $6,600 per month, or $79,200 annually, in gross rental income. Its combination of residential density, commercial frontage, and central location positions the asset well within the broader Southern Tier investment market.
Investment highlights
- Mixed-use asset with residential and retail income
- Four two-bedroom apartments and two commercial units
- Positioned in Endicott’s primary business district
- Near major employers and neighborhood amenities
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