Current Use by Public Records
- Office Spaces
Property Details for 171 Front St
- Year built
- 1975
- Property type
- Office Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.917
- Latitude
- 42.1018
