Retail Building with
For Sale
$790,000
20 W State Street, Binghamton, NY 13901
The operating laundry business includes on-site equipment and parking.
Property Size4,872 SF
Lot Size0.49 Acres
Price / SF$162.15
Days on Market145
Property Features for 20 W State Street
General Information
Standard status
Active
Size
4,872 SF
Lot size
0.49 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
4,872 SF
Year Built
1960
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hong Qing Lin
(917) 684-8981
Source:
Croninreale
Added: Jun 4
Changed: Oct 25
Last Checked: Oct 26 at 3:36AM
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 E Realty International Corp
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 retail property combines a laundromat business with a building of approximately 4,872 square feet. The operation has 38 washing machines and 34 dryers, with parking on the property. The lot is described as 75 x 285 sq ft.
The property is close to Greyhound and the Port Authority Bus Terminal, and about an eight-minute drive from Binghamton University.
The property is close to Greyhound and the Port Authority Bus Terminal, and about an eight-minute drive from Binghamton University.
Key Highlights
- Approximately 4,872‑square‑foot building
- Laundromat equipped with 38 washing machines and 34 dryer machines
- Lot described as 75 x 285 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,007
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,140
$980.1K
Cap Rate 7%
$700,100
$700.1K
Cap Rate 9%
$544,522
$544.5K
Market Conditions
NOI Build-Up for 4,872 SF
Gross rent
$73.1K $15.00/SF
− Vacancy
−$3.1K −$0.63/SF
EGI
$70.0K $14.37/SF
− OpEx
−$21.0K −$4.31/SF
NOI
$49.0K $10.06/SF
Area
Broome County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,140
Cap Rate 7%
$700,100
Cap Rate 9%
$544,522
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 13901, NY
20,548
Population
10,148
Households
2
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
893
Density / Sq Mi
$54,165
Median Household Income
$36,897
Median Earnings
$806
Median Rent
$152,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The operating laundry business includes on-site equipment and parking.
Where is this retail space 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: Approximately 4,872‑square‑foot building; Laundromat equipped with 38 washing machines and 34 dryer machines; Lot described as 75 x 285 sq ft
