89 Court StBinghamton, NY 13901

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.