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    73 Castle Creek Rd Binghamton, NY 13901

    Sponsored
    For Sale
    $1,100,000

    1.66-Acre Commercial Land Assemblage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.66-acre assemblage at 73-89 Castle Creek Road in Binghamton, New York, presents a compelling redevelopment opportunity. Priced at $1,100,000, this property boasts a prime location at an intersection just off I-81 Exit 6, offering unparalleled visibility and accessibility. The site includes four existing buildings and benefits from 550 feet of frontage, maximizing exposure to high traffic counts. Zoned for Planned Development Commercial, this assemblage is ideal for a variety of commercial ventures. Its strategic positioning at the intersection of Castle Creek Road and Upper Front Street ensures high visibility for any development. The 13901 zip code location provides easy access to major transportation routes, enhancing its appeal to businesses and investors. This is a rare chance to acquire a significant parcel of land in a thriving area with substantial development potential, making it an attractive investment for those seeking to capitalize on Binghamton's growth. The existing buildings offer flexibility for immediate use or potential demolition to accommodate a new construction project. This property's size, location, and zoning make it a truly unique opportunity in the Binghamton commercial real estate market. Serious inquiries are encouraged.

    Property Features for 73 Castle Creek Rd

    General Information

    Property type
    Retail properties
    Lot Size
    72,310 SF

    Building Details

    Buildings
    4

    HighLights

    • 1.66‑acre assemblage in Binghamton, NY, priced at $1,100,000.
    • Prime location at I‑81 Exit 6, offering high visibility and accessibility.
    • Features four existing buildings and 550 feet of frontage on a high‑traffic intersection.
    • Planned Development Commercial zoning, ideal for various commercial uses.
    • Located in the desirable 13901 zip code, providing easy access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Artistic Edge Hair ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.893349707818
    Latitude
    42.161810726867

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    FAQs

    What type of property is this?
    Retail property - 1.66-Acre Commercial Land Assemblage
    Where is this retail property located?
    The property is located at 73 Castle Creek Rd Binghamton, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 1.66-acre assemblage in Binghamton, NY, priced at $1,100,000.; Prime location at I-81 Exit 6, offering high visibility and accessibility.; Features four existing buildings and 550 feet of frontage on a high-traffic intersection.
    Request Owner's contact information
    73 Castle Creek Rd Binghamton, NY 13901
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    Binghamton, NY 13901
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    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
    73 Castle Creek Rd Binghamton, NY 13901
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