346 Clinton St - Storefront Retail/Office FOR SALE


Binghamton, NY 13905- First Ward
$199,000 USD
607-621-0439

NO PHOTO

$199,000 USD
Storefront Retail/Office - FOR SALE
null | 10% Cap Rate

346 Clinton St
Binghamton, NY 13905
First Ward


HIGHLIGHTS

  • Mixed-use property
  • High-visibility location
  • Convenient access to Interstate 86
  • Durable brick construction

OVERVIEW

Offered for sale is a brick mixed-use investment property located along Clinton Street near the signalized intersection of Glenwood Avenue in Binghamton. The asset consists of three residential apartments and one ground-floor commercial space, providing diversified income across both residential and retail tenancy. The property is positioned in a high-visibility location with strong traffic flow, benefiting from approximately 9,500 vehicles per day on Clinton Street and over 7,500 vehicles per day on Glenwood Avenue. Immediate access to Interstate 86 and surrounding arterial routes supports both tenant accessibility and long-term leasing stability. Constructed of durable brick, the building offers a straightforward operating profile with in-place income and a balanced unit mix. The combination of location, exposure, and mixed-use functionality positions the asset well for continued performance. Priced to reflect a 10% cap rate, this offering presents a compelling opportunity for investors seeking stable cash flow with strong visibility and long-term positioning.

FOR SALE DETAILS

PRICE

$199,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Janette Avenue

LAND ACRES

0.09 AC

LAND SF

3,960 SF

ZONING

MU

APN/PARCEL ID

030200-143-076-0002-021-000-0000

ASK ABOUT THIS PROPERTY

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

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

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

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