33 Pine St - Storefront Retail/Residential FOR SALE


Binghamton, NY 13901- Center City
$905,000 USD
607-621-0439
33 Pine St, Binghamton, NY for Sale
$905,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate

33 Pine St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • 3 Income Sources. Main Building has 13 Beds, a 4 Bedroom Home leased to students and Commercial Space.
  • 100% Leased.
  • 13 Beds leased for 5 years with 5% increases.
  • Tenants pay all expenses except Insurance and Taxes.
  • Stable income with Growth potential.

OVERVIEW

This is a rare offering in the rapidly developing stadium district. One block from Mirabito stadium. 33 Pine is 13 Beds and has a permit from the City for congruent living. All beds have been leased for 5 years starting at $450/Bed with 5% annual increases. This comes with a parking lot connected to 31.5 Pine. 31.5 Pine is a leased 4 Bedroom home. 33 Pine is all newly renovated. The tenant pays all expenses except Insurance and Taxes. The Commercial space has a new 3 year lease at $1,000/M. This investment offers a high return, ease of management and long term stability and a low vacancy. Ability to bundle in 41.5 Fayette for a package deal. Ideally situated in the rapidly developing Binghamton Stadium district. This complex is one block from Mirabito stadium. This has a very walkable score of 79 and is walking distance to public and Student transportation.

FOR SALE DETAILS

PRICE

$905,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,778 SF

ZONING

-

APN/PARCEL ID

030200-160-034-0001-019-000-0000,030200-160-034-0001-020-000-0000

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.