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    FOR LEASE
    Truck terminals

    364 Industrial Park Dr, Binghamton, NY 13904

    11,325 SF 3.5 ac lot Built 1960
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-2236871
    Property summary
    AI-generated overview

    This exceptional 11,835-square-foot cross-dock truck terminal is ideally situated at the entrance to Kirkwood Industrial Park in Binghamton, New York. Boasting immediate access to Interstate 81, this single-story building offers unparalleled connectivity to major transportation routes, making it a strategic location for distribution businesses serving New York, Pennsylvania, and New England. The property features 26 loading docks and 1 drive-in door, ensuring efficient and seamless operations. With a generous 14-foot ceiling height, the warehouse space is well-suited for a variety of distribution needs. The expansive 3.5-acre lot provides ample room for maneuvering and potential future expansion. Located in Broome County, this property presents a rare opportunity to secure a high-quality, strategically located industrial space. The entire 11,835 square feet is currently available for lease. This prime location offers easy access to key markets, making it an attractive option for businesses seeking efficient logistics and distribution capabilities. The property's size and features make it suitable for a range of distribution operations, from warehousing and fulfillment to last-mile delivery. The address is 364 Industrial Park Drive, Binghamton, NY 13904.

    Property profile
    Verified
    Property type Truck terminals
    Use group TRUCK TERMINAL (MOTOR FREIGHT)
    Year built 1960
    Total area 11,325 SF
    Lot 3.5 ac (152,460 SF)
    APN 033400 162.01-1-7
    UPID US63-2236871
    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
    AI Approach AI
    $1.02M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.08M
    Owner & transaction history
    Lackawanna Holding Company I LLC · 4 yrs held
    Lackawanna Holding Company I LLC
    since 2021
    Last sale
    $1.2M
    2 recorded transactions
    2021
    $1.2M
    2017
    $465,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $935,000 +243.2%
    Auto repair, garage $880,000 +222.6%
    Commercial (general) $795,000 +191.2%
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    More about this property
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