9 Glenwood AveBinghamton, NY 13905

For Sale
$980,000

Prime retail location, 100% occupied, high traffic.

Overview

Added:
Feb 3
Days on market:
39
This exceptional Binghamton retail plaza presents a lucrative investment opportunity. Located on Glenwood Avenue, boasting 206 feet of road frontage and a daily traffic count of 7,525 vehicles, this property enjoys a prime location directly across from the new Foundry Plaza Shopping Center. The plaza is currently 100% occupied by long-term tenants, ensuring a stable income stream. Property taxes are included in the rent, while tenants are responsible for all utilities (gas, electric, water, and sewer). A significant advantage is the ample parking, with over 40 spaces in a newly paved lot. The property includes a unique feature: a 600-square-foot, one-bedroom apartment on the second floor, currently integrated into the Euro Foods lease, equipped with on-demand hot water and mini-split HVAC. Further expansion potential exists with the possibility of acquiring an adjacent vacant lot at 15 Glenwood Avenue. Additionally, significant unfinished attic space (18 feet wide, 180 feet long, 8-foot ceilings) offers considerable room for future development. A comprehensive financial offer memorandum is available upon request, providing detailed financial information to support this compelling investment. This is a rare chance to acquire a high-performing commercial property in a thriving retail market.

Property Details for 9 Glenwood Ave

Property type
Retail properties, Other retail properties
Year Built
2005

Location Insight

City
Binghamton
County
Broome
State
New York
Latitude
42.10838
Longitude
-75.93792
9 Glenwood Ave, Binghamton, New York

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9 Glenwood Ave
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