CVS Drug Store with
157-163 Robinson Street, Binghamton, NY 13904
For Sale
Contact for pricing
Built in 2006, the site has a long-term CVS lease and a dedicated vehicle service lane.
Property Size10,125 SF
Price / SF$337
Days on Market54
Property Features for 157-163 Robinson Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Corner Location
Drive-Thru
Highway Access
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
Matthew Nadler · License MA #134870
Source:
Crexi
Added: Sep 18
Changed: Oct 30
Last Checked: Nov 10 at 8:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,125-square-foot drug store was completed in 2006 and is occupied by CVS. A dedicated drive-through lane serves the building. The fee-simple property has more than 9 years remaining on the lease, along with five 5-year renewal options.
The property sits at the signal-controlled junction of Robinson Street and Broad Avenue, with access to US Route 11 and NY Route 363/7. Interstate 81 and NY Route 17/Interstate 86 connect the wider region. Nearby institutional and employment sources include UHS Binghamton General Hospital, Binghamton University, SUNY Broome, Lockheed Martin, BAE Systems, Lourdes, and Broome County government. UHS Binghamton General Hospital has 220 beds; UHS Wilson Medical Center is in Johnson City.
The property sits at the signal-controlled junction of Robinson Street and Broad Avenue, with access to US Route 11 and NY Route 363/7. Interstate 81 and NY Route 17/Interstate 86 connect the wider region. Nearby institutional and employment sources include UHS Binghamton General Hospital, Binghamton University, SUNY Broome, Lockheed Martin, BAE Systems, Lourdes, and Broome County government. UHS Binghamton General Hospital has 220 beds; UHS Wilson Medical Center is in Johnson City.
Key Highlights
- CVS occupies the 10,125‑square‑foot building
- Dedicated drive‑through lane
- Constructed in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,947
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,618,940
$2.6M
Cap Rate 7%
$1,870,671
$1.9M
Cap Rate 9%
$1,454,967
$1.5M
Market Conditions
NOI Build-Up for 10,125 SF
Gross rent
$182.3K $18.00/SF
− Vacancy
−$7.7K −$0.76/SF
EGI
$174.6K $17.24/SF
− OpEx
−$43.6K −$4.31/SF
NOI
$130.9K $12.93/SF
Area
Broome County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,618,940
Cap Rate 7%
$1,870,671
Cap Rate 9%
$1,454,967
Alternative Uses
Best Use
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $130,947 @ 7.0% cap · market cap 3.83%
Second Best
Retail
$1.45M
$1.27M – $1.70M
NOI $101,847 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,835 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13904, NY
9,236
Population
3,962
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
81%
High-School Grad
23.7 sq mi
ZIP Area
390
Density / Sq Mi
$56,794
Median Household Income
$36,038
Median Earnings
$884
Median Rent
$111,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Damion Potts — 320 Chenango St, Binghamton, NY 13901
- Walgreens Pharmacy — 85 Robinson St, Binghamton, NY 13901
- Walgreens — 85 Robinson St, Binghamton, NY 13901
- COVID-19 Drive-Thru Testing at Walgreens — 85 Robinson St, Binghamton, NY 13901
- Weis Pharmacy — 160 Robinson St, Binghamton, NY 13904
Frequently Asked Questions
What type of property is this?
Drug store - Built in 2006, the site has a long-term CVS lease and a dedicated vehicle service lane.
Where is this drug store located?
The property is located at 157-163 Robinson Street Binghamton, NY.
What is the asking price?
The asking price for this property is $3,422,222.
What are key features of this property?
This property features: CVS occupies the 10,125‑square‑foot building; Dedicated drive‑through lane; Constructed in 2006
