Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    38 Pennsylvania Ave Binghamton, NY 13903

    For Sale
    $815,534

    AutoZone in Binghamton, NY with zero landlord responsibilities.

    Property size:
    4,000 SF
    Lot size:
    0.49 Acres

    Property Features for 38 Pennsylvania Ave

    General Information

    Size
    4,000 SF
    Lot size
    0.49 Acres

    Source: SAB Agent Asher Wenig

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

    Overview

    AutoZone Binghamton NNN Ground Lease

    This property in Binghamton, NY, is an AutoZone location less than 1 mile from downtown. It operates under an absolute Triple Net (NNN) ground lease structure, offering zero landlord responsibilities. AutoZone, with an S&P rating of BBB and over 6,100 stores nationally, provides a strong corporate guaranty. As an automotive-oriented tenant, the business is protected against e-commerce and recession, supported by a loyal customer base, with 48.6% of customers visiting 5 or more times. The property is situated in a dense retail trade area with 1.4 million square feet of retail within a 1-mile radius and dense demographics, including over 97,000 full-time residents within a 5-mile radius. Its prime location is across the street from UHS Binghamton General Hospital. Nearby national retailers include Walgreens, Weis Markets, and M&T Bank. The property size is 4,000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    AutoZone Auto Parts Auto Parts Store

    Suggested Use

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

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

    Similar Places Nearby

    New York Auto Radiator, Inc., V.I.P Taxi, Immaculate Rentals

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9167177
    Latitude
    42.0876615

    Nearby Similar for Sale

    • $244,000
      2,036 SF

      BINGHAMTON Multi-Unit Duplex For Sale

      Duplex in student rental zone, close to amenities and hospital.
      12 Livingstone St, Binghamton, NY 13903
      View Details
    • $129,000
      1,608 SF

      Two-Unit Investment Property

      Two-unit property with student housing zoning and ample parking.
      11 Vine St, Binghamton, NY 13903
      View Details
    • $999,000
      7,195 SF

      Renovated Multifamily Building in Binghamton

      Fully renovated 12-unit apartment building in Binghamton's First Ward.
      19 Mygatt St, Binghamton, NY 13905
      View Details
    • $1,650,000
      28,177 SF

      Downtown Binghamton Redevelopment Portfolio

      Multi-building portfolio in Binghamton's Stadium District, primed for redevelopment.
      100 Henry St, Binghamton, NY 13901
      View Details
    • $450,000
      3,128 SF

      Downtown Binghamton Four-Unit Multifamily Property

      Fully leased four-unit property near downtown Binghamton's amenities.
      41 Fayette St, Binghamton, NY 13901
      View Details
    • $2,100,000
      14,430 SF

      Renovated 24-Unit Apartment Building

      Fully renovated, 100% occupied apartment building in Binghamton's West Side.
      2 Crandall St, Binghamton, NY 13905
      View Details

    FAQs

    What type of property is this?
    Automotive property - AutoZone in Binghamton, NY with zero landlord responsibilities.
    Where is this automotive property located?
    The property is located at 38 Pennsylvania Ave Binghamton, NY.
    What is the asking price?
    The asking price for this property is $815,534.
    What are key features of this property?
    This property features: - Absolute Triple Net (NNN) ground lease with zero landlord responsibilities.; - Strong corporate guaranty from AutoZone (S&P: BBB), operating 6,100+ stores nationally.; - Prime location across the street from UHS Binghamton General Hospital.
    (646) 809-8856
    Request Owner's contact information
    38 Pennsylvania Ave Binghamton, NY 13903
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    38 Pennsylvania Ave
    Binghamton, NY 13903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    38 Pennsylvania Ave Binghamton, NY 13903
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.