41 Court St - Storefront Retail/Residential FOR SALE


Binghamton, NY 13901- Center City
$1,350,000 USD
607-621-0439
41 Court St, Binghamton, NY for Sale
$1,350,000 USD
Storefront Retail/Residential - FOR SALE
1/35
null | Request Cap Rate

41 Court St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Newly signed 5-year commercial lease at $5,000/month
  • Prime corner location with dual frontage on Court and Washington Streets
  • 39,000 SF building offering strong value-add and redevelopment potential
  • Surrounded by major downtown anchors and high pedestrian traffic

OVERVIEW

This 39,000 SF building presents an outstanding investment opportunity in the core of Downtown Binghamton. The first-floor commercial space has been newly leased for $5,000 per month on a five-year lease, providing steady cash flow and reinforcing the asset’s long-term stability. The upper floors offer substantial value-add potential, whether for additional commercial use, redevelopment, or mixed-use conversion. Situated prominently at the intersection of Court Street and Washington Street, the property enjoys dual frontage, excellent visibility, and exposure to heavy pedestrian and vehicle traffic. Court Street sees an average daily count of 13,634 vehicles, while the area’s Walk Score of 91 underscores its accessibility and urban appeal. Surrounded by key anchors such as Boscov’s, the MetroCenter, and Ellis Brothers Furniture, this location is positioned for continued growth and demand in Binghamton’s thriving downtown district.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,380 SF

ZONING

-

APN/PARCEL ID

030200-160-040-0002-015-000-0000,030200-160-040-0002-016-000-0000

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.