138 Court - Office/Residential FOR SALE


Binghamton, NY 13901- Center City
$449,000 USD
607-621-0439
138 Court, Binghamton, NY for Sale
$449,000 USD
Office/Residential - FOR SALE
1/15
null | Request Cap Rate

138 Court
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • 4,652 SF Building
  • Solid Brick Building.
  • Commercial Lease with increases through 2029
  • Zoned Downtown Business District
  • On the public and SUNY bus lines.
  • Walking distance to all of Downtown Binghamton.

OVERVIEW

Now offered for sale is this well-located mixed-use building in the heart of Downtown Binghamton, positioned directly on Court Street near the intersection of Centenary. Just around the corner from the Koffman Southern Tier Incubator and steps from restaurants, shops, and public amenities, this property boasts a Walk Score of 87 and excellent transit access via public and SUNY bus lines. Zoned Downtown Business District, the building includes a ground-floor salon tenant with a lease in place through 2029 and scheduled rent increases. The upper-level apartments are currently vacant, offering immediate value-add potential for student or market-rate rentals. Included in the sale is the adjacent parking lot at 156 Court Street, providing rare off-street parking in a high-demand rental corridor. Positioned directly on Court Street near the Centenary intersection, 138 Court enjoys a premier location in the heart of Downtown Binghamton. Just steps from the Koffman Southern Tier Incubator and surrounded by dining, retail, and entertainment, this site boasts a Walk Score of 87—an ideal setting for tenants seeking true urban convenience. Zoned Downtown Business District and located on both public and SUNY bus lines, this property is perfectly suited for mixed-use or residential development. With strong rental demand in the area, it offers a strategic opportunity for investors or owner-users.

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

Commercial

APN/PARCEL ID

030200-160-041-0003-018-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.