41 Court St - Storefront Retail/Residential FOR SALE


Binghamton, NY 13901- Center City
$1,425,000 USD
607-348-6553
41 Court St, Binghamton, NY for Sale
$1,425,000 USD
Storefront Retail/Residential - FOR SALE
1/36
null | Request Cap Rate

41 Court St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Eligible for historic credits, and located in the hub zone.
  • 39,520 SF building offering mixed-use configuration with multifamily and commercial components.
  • Surrounded by major retailers, dining, and entertainment venues, including Boscov’s and Metro Center.
  • High-traffic corridor with an average daily traffic count of 13,634 vehicles and a walkability score of 91 with heavy foot traffic.
  • Centrally located in Downtown Binghamton with frontage on Court Street and Washington Street.

OVERVIEW

Prime downtown Binghamton mixed-use opportunity (~39,500 SF) with significant value-add potential. Multiple street-level commercial units generate ~$5,000/month while upper floors are primed for residential or student housing conversion. Located in the Downtown Business District allowing flexible mixed-use redevelopment. Prior concepts support 18+ units / up to 41 bedrooms, well-suited for a per-bed leasing model. Strong rental demand driven by Binghamton University (~19,000 students) and a ~44% renter population. Preliminary plans available; conversion-ready layout. One of the largest available assets in the downtown core. This is a scale-driven, demand-backed repositioning opportunity in a market attracting institutional and private capital

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$36 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

0.27 AC

LAND SF

11,761 SF

ZONING

YES

APN/PARCEL ID

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

ASK ABOUT THIS PROPERTY

Daniel SchmittIntegra Commercial (NY)More Info
607-348-6553

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Daniel SchmittIntegra Commercial (NY)More Info
607-348-6553

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