Property profile

171 Front St Binghamton, NY 13901

OFF-MARKET
Office Spaces
32,949 SF 2.49 ac lot Built 1975
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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

Location

171 Front St Binghamton, NY 13901
Binghamton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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