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    41 Court St Binghamton, NY 13901

    For Sale
    $1,250,000

    39,520 SF property with retail, restaurant, and residential potential.

    Property size:
    39,520 SF

    Property Features for 41 Court St

    General Information

    Size
    39,520 SF

    Building Details

    Year built
    1965

    Source: Scott Warren, CCIM Agent Scott Warren, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Binghamton Mixed-Use Property

    Located in downtown Binghamton, this 39,520 SF mixed-use property offers an investment opportunity with multiple potential uses. The property includes plans for 18 student apartments with a total of 41 bedrooms. The property also features versatile spaces suitable for retail or restaurant ventures, with 4 commercial units providing flexibility for various business concepts. Built in 1965, the property blends classic charm with modern opportunities. Zoned Commercial-Downtown Business District, the property is strategically positioned for businesses seeking to thrive in a dynamic area. The location offers high visibility and foot traffic, making it an ideal setting for entrepreneurial ventures. The surrounding area is a vibrant hub for commercial activity, steps away from Court Street and offering easy access to dining and entertainment. The district is in close proximity to financial and legal institutions, making it suitable for office and commercial use. The area blends historic charm with modern amenities, creating an appealing environment for professionals and businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -75.913734
    Latitude
    42.0989366

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    FAQs

    What type of property is this?
    Mixed-use property - 39,520 SF property with retail, restaurant, and residential potential.
    Where is this mixed-use property located?
    The property is located at 41 Court St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime downtown Binghamton location with high visibility and foot traffic.; - Boasting 39,520 SF of versatile space suitable for retail, restaurant, or other commercial ventures.; - Zoned Commercial-Downtown Business District, offering strategic business positioning.
    (607) 621-0439
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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
    41 Court St Binghamton, NY 13901
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