46 Riverside Dr Binghamton, NY 13905

Property Details for 46 Riverside Dr

Year built

1980

Lot size

0.42 lot acres

Property size

3,192 SF

Property type

Investment properties

Property subtype

Live-work space

APN

030200 160.55-1-39

APU

3020016055139

Description

This exceptional investment opportunity presents a fully leased, nine-office building situated at 46 Riverside Drive in Binghamton, NY. Boasting a prime location with an impressive average daily traffic count of 12,560 vehicles, the property enjoys high visibility and accessibility. Its proximity to Downtown Binghamton and the picturesque Confluence Park adds significant appeal. The building itself comprises nine well-appointed offices, all currently under multi-year leases, ensuring a consistent and reliable income stream. Adding to its versatility, the property also includes a comfortable apartment, ideal for an on-site manager or additional rental income. Furthermore, a substantial three-level garage provides ample storage space for tenants and the building's operational needs. Central air conditioning throughout the building ensures year-round comfort for all occupants. This turnkey operation offers a rare chance to acquire a stable, high-performing commercial property in a desirable location with minimal immediate management requirements. The asking price for this exceptional investment is $365,000. The property sits on a 0-acre lot. This is a truly remarkable opportunity for a savvy investor seeking a low-maintenance, high-return investment in a thriving New York community.

Location Insight

City

Binghamton

County

Broome

State

New York

Longitude

-75.9244

Latitude

42.0928

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments