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    OFF-MARKET
    Office Spaces

    171 Front St, Binghamton, NY 13901

    32,949 SF 2.49 ac lot Built 1975
    Property ID
    Property summary
    AI-generated overview

    This exceptional Binghamton, NY investment opportunity presents a unique 32,949 square foot office complex situated on 2.49 acres. The property comprises two buildings, including a former mansion and a repurposed Elk's lodge, offering a blend of historical charm and modern functionality. The Class B office space features forced air heating, central AC, and 3-phase electric power. With 125 units in a planned adjacent development and a prime location on Front Street, between Court and Clinton Street bridges, this property benefits from high visibility and heavy vehicle traffic (8,053 cars daily). The property boasts 150 surface parking spaces and is within walking distance of downtown Binghamton's amenities, boasting a walkability score of 77. Built in 1975, this well-maintained property is currently vacant and offers significant potential for redevelopment as office space, retail, or even student housing, given its proximity to the planned 125-unit development. The asking price is $2,250,000.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1975
    Total area 32,949 SF
    Lot 2.49 ac (108,464 SF)
    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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