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Property profile & analytics
OFF-MARKET
Office Spaces

171 Front St Binghamton, NY 13905

Built 1975
Property ID
Property summary
AI-generated overview

This exceptional commercial property, situated on a 2.49-acre lot at 171 Front Street in Binghamton, NY, presents a unique investment opportunity. The property comprises three interconnected buildings totaling 32,949 square feet, offering a versatile blend of spaces. A beautifully preserved former mansion adds historical character, while the Class B office space provides modern functionality. A repurposed Elk's lodge further enhances the property's unique appeal. Ample parking is available, accommodating up to 150 vehicles. The buildings are equipped with forced air heating, central air conditioning, and 3-phase electric power, ensuring comfort and efficiency. The property benefits from a highly desirable location on Front Street, directly adjacent to a planned 125-unit development, promising increased foot traffic and visibility. With an average daily vehicle count of 8,053 cars, the property enjoys excellent exposure. Binghamton's vibrant downtown area, with its diverse dining, shopping, and recreational options, is easily accessible. The property boasts a walkability score of 77, adding to its appeal. This well-maintained property is ideally suited for a variety of uses, including office space, retail ventures, or even potential student housing, given its proximity to the city's amenities and the planned development. The asking price is $2,250,000.

Property profile
Verified
Property type Office Spaces
Year built 1975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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