28 Frederick St - Office/Residential FOR SALE


Binghamton, NY 13901- Northside Binghamton
$308,000 USD
607-621-0439
28 Frederick St, Binghamton, NY for Sale
$308,000 USD
Office/Residential - FOR SALE
1/30
null | 10% Cap Rate

28 Frederick St
Binghamton, NY 13901
Northside Binghamton


HIGHLIGHTS

  • 5,888 SF building with 5 units, ideal for multifamily investment
  • Zoned Residential Multi Unit, providing flexibility for various uses
  • Prime location in Binghamton MSA area for maximum investment potential
  • Corner lot spanning .72 acres for added visibility and space

OVERVIEW

This is an exceptional opportunity! This property includes a commercial space leased to a church, plus additional office space available for lease, offering immediate income with further leasing upside. The residential portion consists of one spacious 2-bedroom apartment, two 1-bedroom apartments, and one studio unit. The property sits on a prominent corner location at Frederick and Liberty Streets, just one block from the Brandywine Highway interchange, and benefits from heavy traffic counts and excellent exposure. Located directly across from the new affordable housing development on Liberty Street, the site is positioned in an area seeing continued activity and investment. Set on 0.72 acres, the offering also includes a large parking lot, making it attractive for tenants, visitors, and commercial users alike. With its strong location, existing income, and lease-up potential, this property presents a compelling turnkey investment with value-add opportunity.

FOR SALE DETAILS

PRICE

$308,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

Res. multi Unit

APN/PARCEL ID

030200-144-075-0003-005-000-0000

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 Notice.