98 Main St Binghamton, NY 13905-2812

Property Details for 98 Main St

Year built

1975

Lot size

0.26 lot acres

Property size

6,144 SF

Property type

Office buildings

APN

030200 160.30-3-27

APU

3020016030327

Description

This mixed-use property at 98 Main St, Binghamton, NY 13905, offers a compelling investment opportunity. The 6,144 square foot building, constructed in 1975, boasts a full brick exterior with large glass windows and a unique architectural design. Its prime location offers convenient access to Binghamton University, with proximity to the Binghamton University Blue Bus Line, the Nursing and Pharmaceutical Schools (two miles), and the main campus (five miles). Downtown Binghamton is just half a mile away. The property includes a private parking lot, a significant asset in this area. The building's layout allows for flexible use, with potential for a multi-unit residential configuration, potentially including a 4-5 bedroom unit on the first floor and a 6-7 bedroom unit on the second floor. A substantial basement, potentially offering 4,000-5,000 square feet of usable space, presents additional development possibilities. The asking price is $379,000, translating to $61.69 per square foot. This property is ideal for investors seeking a high-return opportunity in a vibrant and growing area. The building's strong construction and desirable location make it a sound investment with significant upside potential. The property is zoned for mixed-use, allowing for a variety of potential uses and income streams. The large windows provide ample natural light, enhancing the appeal to potential tenants.

Location Insight

City

Binghamton

County

Broome

State

New York

Longitude

-75.9252

Latitude

42.1009

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments