Laundromat Retail
20 W State Street Binghamton, NY 13901
20 W State Street, Binghamton, NY, 13901
$790,000
For Sale
$790,000
COMMERCIAL - Binghamton, NY
Property Size4,872 SF
Price / SF$162.15
Days on Market47
Property Features for 20 W State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1960
- Building materials
- Brick
Listing Agency
E Realty International Corp
(718) 886-8110
3907 Prince St Ste 4D, Flushing, NY
Listed by
Hong Qing Lin
(917) 684-8981
Added: Jun 4 Updated: Jun 9 at 4:46 pm Checked: Jul 20 at 2:06 pm
MLS# 1009408
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale laundromat includes both the business and the building, configured for high-volume self-service laundry. The facility features 38 washing machines and 34 dryer machines, along with a large parking area to support customer access. The property sits on a large lot measuring approximately 75 by 285, with a building size of about 4,872 square feet.
The property is located in Binghamton and is described as close to the Greyhound bus and Port Authority Bus Terminal. It is also reported to be about an 8-minute drive from Binghamton University, which may support steady neighborhood and traveler foot traffic patterns.
For an owner-operator or investor seeking an income-producing operating laundromat, the turnkey setup includes the existing machine complement and customer-oriented parking. The business amount is listed at approximately $20,000 monthly, and the sale provides a combined path to continue operating the existing laundry use within the current building footprint.
The property is located in Binghamton and is described as close to the Greyhound bus and Port Authority Bus Terminal. It is also reported to be about an 8-minute drive from Binghamton University, which may support steady neighborhood and traveler foot traffic patterns.
For an owner-operator or investor seeking an income-producing operating laundromat, the turnkey setup includes the existing machine complement and customer-oriented parking. The business amount is listed at approximately $20,000 monthly, and the sale provides a combined path to continue operating the existing laundry use within the current building footprint.
Key Highlights
- Laundromat business and building for sale
- Building size approximately 4,872 sq ft on a 75 x 285 sq ft lot
- 38 washing machines and 34 dryer machines
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.1k | $15.00 |
| − Vacancy | −$3.1k | −$0.63 |
| EGI | $70.0k | $14.37 |
| − OpEx | −$21.0k | −$4.31 |
| NOI | $49.0k | $10.06 |
4,872 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$700.1K
$612.6K – $816.8K
NOI $49,007 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,609 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Martin Brothers-A Fabricare
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Just breath cannabis dispensary — 75 Court St, Binghamton, NY 13901
- Woodfern Florist — 501 Chenango St, Binghamton, NY 13901
FAQs
What type of property is this?
Storefront property - Operating laundromat with extensive washer and dryer inventory and ample on-site parking.
Where is this storefront property located?
The property is located at 20 W State Street Binghamton, NY.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Laundromat business and building for sale; Building size approximately 4,872 sq ft on a 75 x 285 sq ft lot; 38 washing machines and 34 dryer machines
