Laundromat Retail
For Sale
$790,000
20 W State Street, Binghamton, NY 13901
Commercial Sale, Binghamton, NY
Property Size4,872 SF
Lot Size0.49 Acres
Price / SF$162.15
Days on Market140
Property Features for 20 W State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
Lot size
0.49 Acres
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
Listed By:
Hong Qing Lin
(917) 684-8981
Added: Jun 4
Changed: Oct 5
Last Checked: Oct 21 at 6:06PM
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.
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Investment Insights
Based on property information with market context.
This retail property includes a laundromat business and building with approximately 4,872 square feet of space. The operation is equipped with 38 washing machines and 34 dryer machines, with parking available on the site. The parcel measures approximately 75 x 285 sq ft.
Constructed in 1960, the brick building has natural gas heating and electric cooling. Public water and public sewer serve the property, and natural gas is available. The site is near the Greyhound bus and Port Authority Bus Terminal and is about an 8 minute drive from Binghamton University.
Constructed in 1960, the brick building has natural gas heating and electric cooling. Public water and public sewer serve the property, and natural gas is available. The site is near the Greyhound bus and Port Authority Bus Terminal and is about an 8 minute drive from Binghamton University.
Key Highlights
- Laundromat includes 38 washing machines and 34 dryer machines
- Approximately 4,872 sq ft building on a 75 x 285 sq ft lot
- Parking available on the property
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
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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 - Existing laundry equipment, customer parking, and public utilities are included with the commercial property.
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: Laundromat includes 38 washing machines and 34 dryer machines; Approximately 4,872 sq ft building on a 75 x 285 sq ft lot; Parking available on the property
