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    547 Chenango St Binghamton, NY 13901

    Sponsored
    For Sale
    $400,000

    Massive building, ample parking, versatile spaces.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This expansive property at 547 Chenango Street in Binghamton, NY, offers over 20,000 square feet of space, presenting a unique redevelopment opportunity. The main building features a stunning sanctuary with an arched wooden ceiling, perfect for large gatherings or events. A dedicated prayer chapel and numerous additional rooms provide exceptional versatility for a wide range of uses. The lower level includes a sizable kitchen and fellowship room, ideal for communal meals, celebrations, or other functions. Across the street, an additional parking lot provides convenient parking for occupants and visitors. The property includes tax map numbers 144.43-1-8 and 144.51-1-1. The boiler has been inspected and is scheduled for complete servicing in the near future. This property is being sold "as is," allowing for creative vision and customization. The significant square footage and versatile layout make this an exceptional investment opportunity for those seeking a large-scale project with high potential. The existing infrastructure, including the kitchen and fellowship hall, provides a solid foundation for various commercial or community-focused ventures. The ample parking further enhances the property's appeal and practicality. Serious inquiries are encouraged.

    Property Features for 547 Chenango St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.90099
    Latitude
    42.11967

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    FAQs

    What type of property is this?
    Commercial real estate - Massive building, ample parking, versatile spaces.
    Where is this commercial real estate located?
    The property is located at 547 Chenango St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $400,000.
    (607) 729-5500
    Request Owner's contact information
    547 Chenango St 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
    547 Chenango St Binghamton, NY 13901
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