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Property summary
This exceptional 10,472 square foot, two-story brick building at 71 Main Street, Binghamton, NY 13905, presents a compelling investment opportunity. Situated at the corner of Main and Chapin Streets, this property enjoys a high walk score of 82 and benefits from daily traffic counts of 17,127 vehicles. The building, constructed in 1960, boasts classic architectural details including rich woodwork and five fireplaces. Currently featuring a one-bedroom and a three-bedroom apartment, the property's zoning allows for diverse redevelopment options, including student housing, professional offices, a boutique hotel, or a private event space. Adding to its appeal is a detached brick carriage house, perfect for expansion or conversion, and a four-car detached garage. Ample parking is provided with 22 surface spaces. Owner financing is available to qualified buyers at a below-market interest rate of 4%, requiring a 20% down payment and offering a flexible term. This property's prime location, substantial size, and versatile zoning make it an exceptional investment prospect. Don't miss this chance to acquire a significant piece of Binghamton real estate.
Property profile
VerifiedCap rate & NOI
Current use
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Social Service Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Binghamton market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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