171 Front St Binghamton, NY 13905
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.