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    1272 Upper Front St Binghamton, NY 13905

    For Sale
    $2,600,000

    Single-tenant Harbor Freight in Binghamton, NY with long-term lease.

    Property size:
    16,500 SF
    Lot size:
    2.13 Acres

    Property Features for 1272 Upper Front St

    General Information

    Size
    16,500 SF
    Lot size
    2.13 Acres

    Source: JLL - Corporate Agent Mohsin Mirza

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

    Overview

    Freestanding Harbor Freight Investment Opportunity

    This freestanding single-tenant Harbor Freight property is located at 1272 Upper Front Street in Binghamton, NY. The property is occupied by Harbor Freight, operating under a NN lease with an initial lease term of 12.0 years. The lease includes 8% rent escalations every 5 years and a 10% escalation upon execution of the first renewal option, with five, five-year renewal options available. Situated along Upper Front St, just off Interstate 81, the property benefits from direct accessibility and high traffic volume of over 37,000 vehicles per day. As an outparcel to Northgate Plaza, which generates 1.1 million visits annually, the location is the most visited shopping center within a 5-mile radius and ranks in the 57th percentile of most visited shopping centers in New York. The property offers a total size of 16,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.8942216
    Latitude
    42.1577414

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    FAQs

    What type of property is this?
    Retail space - Single-tenant Harbor Freight in Binghamton, NY with long-term lease.
    Where is this retail space located?
    The property is located at 1272 Upper Front St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Freestanding single-tenant Harbor Freight property; - NN lease with **12.0 years of initial lease term remaining**; - **8% rent escalations every 5 years** and a 10% escalation upon execution of first renewal option
    (312) 782-5800
    Request Owner's contact information
    1272 Upper Front St 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
    1272 Upper Front St Binghamton, NY 13905
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