98 Main StBinghamton, NY 13905

For Sale
$379,000

Prime location, high potential rental income.

Overview

Added:
Dec 11, 2024
Days on market:
92
This mixed-use property at 98 Main St, Binghamton, NY 13905, offers a compelling investment opportunity. The 6,144 square foot building, constructed in 1975, boasts a full brick exterior with large glass windows and a unique architectural design. Its prime location offers convenient access to Binghamton University, with proximity to the Binghamton University Blue Bus Line, the Nursing and Pharmaceutical Schools (two miles), and the main campus (five miles). Downtown Binghamton is just half a mile away. The property includes a private parking lot, a significant asset in this area. The building's layout allows for flexible use, with potential for a multi-unit residential configuration, potentially including a 4-5 bedroom unit on the first floor and a 6-7 bedroom unit on the second floor. A substantial basement, potentially offering 4,000-5,000 square feet of usable space, presents additional development possibilities. The asking price is $379,000, translating to $61.69 per square foot. This property is ideal for investors seeking a high-return opportunity in a vibrant and growing area. The building's strong construction and desirable location make it a sound investment with significant upside potential. The property is zoned for mixed-use, allowing for a variety of potential uses and income streams. The large windows provide ample natural light, enhancing the appeal to potential tenants.

Highlights

  • Full-brick construction.
  • Abundant natural light from large windows.
  • Extensive basement space.
  • Architecturally appealing design.
  • On-site private parking.
  • Two miles from SUNY Binghamton's Nursing and Pharmaceutical Schools.

Property Details for 98 Main St

Property type
Multifamily properties, Other office properties
Square Feet
6,144 SF
Year Built
1975

Location Insight

City
Binghamton
County
Broome
State
New York
Latitude
42.1009015
Longitude
-75.9252299
98 Main St, Binghamton, New York

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98 Main St
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