9 Glenwood AveBinghamton, NY 13905

This exceptional investment opportunity presents a fully leased, 9,372 square foot retail building located at 9 Glenwood Avenue in Binghamton, New York. The property, built in 2005, boasts four units with long-term tenants, ensuring a stable income stream. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $68,939, representing a 7.03% cap rate. The asking price is $980,000, or $105 per square foot. The lease type is NNN, meaning property taxes, utilities (gas, electric, water, and sewer), are the responsibility of the tenants. A significant advantage is the inclusion of a 600-square-foot, one-bedroom apartment above one of the retail units, currently included in the rent. The property also features a newly paved parking lot with over 40 spaces, 206 feet of road frontage, and is situated across from the Foundry Plaza Shopping Center, benefiting from high traffic counts (7,525 vehicles on Glenwood Ave). Additional potential exists with an adjacent vacant lot (15 Glenwood Ave) available for purchase, and unfinished attic space (18' x 180', 8' ceilings). The property's prime location and strong financial performance make it an attractive investment opportunity in a vibrant retail market. This turnkey operation offers immediate cash flow and long-term growth potential.