171 Front St Binghamton, NY 13901
- Office Properties & Spaces
- 32,949 SF
- 2.49 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 171 Front St
- Year built
- 1975
- Lot size
- 2.49 lot acres
- Property size
- 32,949 SF
- Property type
- Office Properties & Spaces
Description
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.
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
- -75.8766
- Latitude
- 42.2015
