89 Court StBinghamton, NY 13901

For Sale
$925,000

Historic Office Building, Value-Add Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This iconic, 16,416 square foot, four-story office building in downtown Binghamton, NY presents a unique investment opportunity. Built in 1995 and renovated in 2020, this Class B multi-tenant property boasts 12-foot ceilings and sits on a 0.1-acre lot at 89 Court St, 13901. The building features four units and enjoys a prime location at the Chenango Street Roundabout, benefiting from high vehicular (8,110 average daily traffic count) and pedestrian traffic. Its central location offers easy access to the Courthouse, County Office Building, Security Mutual, State Office Building, and City Hall, with a walk score of 85. Pre-approved development plans exist to convert the upper three floors into nine residential units with 18 beds, ideal for the area's strong student housing demand (approximately 1,300 student beds nearby). This value-add opportunity allows for significant rental income generation. The asking price is $925,000. Note that adjacent properties at 73 Court Street and 24 Centenary Street are also available for purchase as a portfolio investment. This steel-frame structure, designed by renowned architect Isaac Perry (also known for the Albany State Capitol), represents a prestigious piece of Binghamton's history.

Highlights

  • Prime downtown Binghamton location at the Chenango Street Roundabout, with high vehicular and pedestrian traffic.
  • 85 Walk Score, near City Hall, Courthouse, and downtown amenities.
  • 16,416 SF, four-story, Class B office building; 4 units, 12-foot ceilings.
  • Steel-frame construction, designed by renowned architect Isaac Perry.
  • Renovated in 2020; pre-approved plans for conversion to nine residential units (18 beds).
  • $925,000 asking price; adjacent properties also available.

Property Details for 89 Court St

Property type
Other office properties, Office properties
Square Feet
16,416 SF
Class
B
Year Built/Renovated
1995/2020
Stories
4
Lot Size (sq. ft)
4,356 SF
Units
4

Location Insight

City
Binghamton
County
Broome
State
New York
Latitude
42.0989305
Longitude
-75.9112561
89 Court St, Binghamton, New York

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89 Court St
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