41 Court St - Storefront Retail/Residential FOR SALE


Binghamton, NY 13901- Center City
$1,200,000 USD
607-203-1826
41 Court St, Binghamton, NY for Sale
$1,200,000 USD
Storefront Retail/Residential - FOR SALE
1/37
null | Request Cap Rate

41 Court St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • In-place income from an operating restaurant and entertainment tenant.
  • Vacant former brewery space includes existing production infrastructure.
  • Historic Wamsutta Lodge Hall features original murals, balcony galleries and an ornamental ceiling dome.
  • Apartment buildouts are already in place above the Court Street commercial spaces.
  • Dual exposure to Court Street frontage and the Metro Center plaza.
  • C-2 zoning supports a variety of residential, hospitality, entertainment and mixed-use redevelopment opportunities.

OVERVIEW

41 Court Street offers 39,520 SF of in-place income and redevelopment potential within two connected building sections. The property combines an operating restaurant and entertainment tenant, vacant commercial space, existing apartment buildouts and a significant historic component, allowing a new owner to pursue improvements in phases. The Court Street section includes Blazing Saddles Eatery & Saloon, which provides current commercial income, and the vacant former Galaxy Brewing space. Brewery and production infrastructure remain within the Galaxy portion, while apartment buildouts are located above both commercial spaces. The larger historic section faces the Metro Center plaza and provides a separate entrance to several additional floors. Its defining feature is the former Wamsutta Tribe No. 37 lodge hall, where painted murals, a wraparound balcony, original woodwork and an ornamental ceiling dome remain. C-2 zoning and potential historic rehabilitation incentives support a range of residential, hospitality, entertainment, arts and mixed-use strategies, subject to approvals.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C-2

APN/PARCEL ID

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

ASK ABOUT THIS PROPERTY

Lisberto CalvoSVN Innovative Commercial AdvisorsMore Info
607-203-1826

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Lisberto CalvoSVN Innovative Commercial AdvisorsMore Info
607-203-1826

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