171 Front St, Binghamton, NY 13901
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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