325 Main St Binghamton, NY 13905
- Commercial real estate
- 3,775 SF
Current Use by Public Records
- Commercial real estate
Property Details for 325 Main St
- Year built
- 1965
- Property size
- 3,775 SF
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment building, located at 325 Main St, Binghamton, NY 13905, presents a compelling investment opportunity. Boasting 3,775 square feet on a 6,716 square foot lot, this Class B property offers a strong net operating income (NOI) of $38,059, translating to an attractive 7.61% capitalization rate. Built in 1965, the building presents potential for future updates and renovations. Its prime location in Binghamton's West Side offers excellent visibility and accessibility, with a daily traffic count of 7,484 vehicles and a walkability score of 80. The property is situated just across from 327 Main Street and one block from the Johnson City Arch, providing convenient access to the Price Chopper Plaza and numerous shops and amenities. Zoned for commercial use and approved for student housing, this recently renovated and stabilized property is ideally positioned to capitalize on the area's demand. The asking price is $469,000. This is a turnkey investment ready for a new owner. Don't miss this chance to add a high-performing asset to your portfolio.
Value Estimation
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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
- -75.9433982
- Latitude
- 42.1101945
