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    91 Chenango Bridge Rd Binghamton, NY 13901

    Sponsored
    For Sale
    $1,305,000

    High-Yield Medical Office Building, NNN Leases

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a well-maintained, free-standing medical/professional office building in Binghamton, NY, located at 91 Chenango Bridge Rd. Currently fully occupied with established tenants under triple-net (NNN) leases, this property offers a strong and consistent income stream. The building boasts a compelling 13.24% capitalization rate, making it an attractive proposition for investors seeking high returns. Situated in a prime location, the property benefits from high visibility and significant traffic volume, with approximately 13,000 vehicles passing daily. Its proximity to major thoroughfares like Front Street and Route 12A, along with a dense concentration of businesses (roughly 500 within a 3-mile radius) and a population of 15,000 within the same area, ensures a robust and stable tenant base. Nearby businesses include Chenango Animal Hospital, Batch Coffee, Price Chopper, Tavolo Italian Restaurant, McGirk's Irish Pub, and Guthrie Chenango Bridge Pharmacy, further highlighting the desirability of this location. This is a turnkey investment opportunity with established tenants and a proven track record of success. The property's strong financial performance, coupled with its strategic location, makes it an ideal addition to any investment portfolio. The building's size is not specified in the provided information.

    Property Features for 91 Chenango Bridge Rd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    United Medical Associates ... Walk-In Clinic Sriram D. Nirgudkar, ... Pediatrician UHS Pediatrics - Chenango ... Pediatrician Dr. Donald W. ... Sports Medicine Physician UHS Physical Therapy ... Rehabilitation Center

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.87923
    Latitude
    42.16932

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    FAQs

    What type of property is this?
    Office Property / Space - High-Yield Medical Office Building, NNN Leases
    Where is this office property / space located?
    The property is located at 91 Chenango Bridge Rd Binghamton, NY.
    What is the asking price?
    The asking price for this property is $1,305,000.
    (607) 757-2100
    Request Owner's contact information
    91 Chenango Bridge Rd Binghamton, NY 13901
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    Binghamton, NY 13901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    91 Chenango Bridge Rd Binghamton, NY 13901
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