348-350 Clinton St - Storefront FOR SALE


Binghamton, NY 13905- First Ward
$315,000 USD
607-481-5660
348-350 Clinton St, Binghamton, NY for Sale
$315,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

348-350 Clinton St
Binghamton, NY 13905
First Ward


HIGHLIGHTS

  • Located along one of Binghamton’s primary commercial corridors with steady traffic and daily activity.
  • Immediate access to Interstate 86 enables efficient regional connectivity across the Southern Tier.
  • Positioned near the signalized intersection of Clinton Street and Glenwood Avenue for increased visibility.
  • Traffic counts of approximately 10,000 vehicles per day on Clinton Street and 7,500 on Glenwood Avenue enhance exposure.
  • Surrounding area offers a mix of local businesses, service providers, and residential housing creating a consistent tenant base.
  • Proximity to both Downtown Binghamton and the North Side supports stable occupancy and long-term demand.

OVERVIEW

Offered for sale is a 5-unit mixed-use investment property located along Clinton Street near the signalized intersection of Glenwood Avenue in Binghamton. The building consists of two ground-floor commercial units and three residential apartments, creating a balanced income stream across both retail and residential tenancy. The property is positioned within a high-visibility corridor with consistent 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 tenant accessibility and long-term leasing stability, making the location attractive for both commercial and residential occupants. Constructed of durable brick and supported by recent updates, the asset offers a straightforward operating profile with in-place income. The mixed-use configuration and strong location fundamentals position the property well for continued performance. Priced to achieve an 11% cap rate, this offering presents a compelling opportunity for investors seeking stable cash flow and long-term visibility.

FOR SALE DETAILS

PRICE

$315,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,521 SF

ZONING

-

APN/PARCEL ID

030200-143-076-0002-022-000-0000

ASK ABOUT THIS PROPERTY

Coty LunnSVN Innovative Commercial AdvisorsMore Info
607-481-5660

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Coty LunnSVN Innovative Commercial AdvisorsMore Info
607-481-5660

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