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    46 Riverside Dr Binghamton, NY 13905

    Sponsored
    For Sale
    $365,000

    Turnkey Office Building, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a fully leased, nine-office building situated at 46 Riverside Drive in Binghamton, NY. Boasting a prime location with an impressive average daily traffic count of 12,560 vehicles, the property enjoys high visibility and accessibility. Its proximity to Downtown Binghamton and the picturesque Confluence Park adds significant appeal. The building itself comprises nine well-appointed offices, all currently under multi-year leases, ensuring a consistent and reliable income stream. Adding to its versatility, the property also includes a comfortable apartment, ideal for an on-site manager or additional rental income. Furthermore, a substantial three-level garage provides ample storage space for tenants and the building's operational needs. Central air conditioning throughout the building ensures year-round comfort for all occupants. This turnkey operation offers a rare chance to acquire a stable, high-performing commercial property in a desirable location with minimal immediate management requirements. The asking price for this exceptional investment is $365,000. The property sits on a 0-acre lot. This is a truly remarkable opportunity for a savvy investor seeking a low-maintenance, high-return investment in a thriving New York community.

    Property Features for 46 Riverside Dr

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Jeffrey J. Mermelstein, ... Psychologist Dr. Martin D. ... Psychiatrist Debra Geenberg-Strano, PHD Psychologist Julie P. Shapiro, ... Psychologist Janet M Bowles Psychologist

    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
    -75.9245
    Latitude
    42.09266

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    FAQs

    What type of property is this?
    Office Property / Space - Turnkey Office Building, High Traffic Area
    Where is this office property / space located?
    The property is located at 46 Riverside Dr Binghamton, NY.
    What is the asking price?
    The asking price for this property is $365,000.
    (607) 203-1826
    Request Owner's contact information
    46 Riverside Dr Binghamton, NY 13905
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    Binghamton, NY 13905
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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
    46 Riverside Dr Binghamton, NY 13905
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