46 Riverside Dr Binghamton, NY 13905-4511
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.
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Jeffrey J. Mermelstein, PHD Physician Medical Clinic
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Dr. Martin D. Kass, MD Physician
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Debra Geenberg-Strano, PHD Physician Medical Clinic
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Julie P. Shapiro, PSY Physician Medical Clinic
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Janet M Bowles Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.