Renovated Mixed-Use Value-Add Investment 136 Court St 3 Apartment Units Online Auction Sale Binghamton, NY 13901

136 Court Street is a 6,240-square-foot, three-story mixed-use investment located in the heart of Downtown Binghamton’s Historic District.

This recently renovated property features office space on the ground floor and two spacious four-bedroom apartments on the second and third levels, creating a balanced live-work asset with diversified income streams. The ground-level commercial space is configured as a professional office suite with a reception area, conference room, three to four private offices, a kitchen, and a restroom, well-suited for legal, financial, medical, or administrative users. Above, the residential units showcase high ceilings, exposed brick accent walls, oversized windows, large living rooms, in-unit washer/dryers, and secure access, blending historic character with modern comfort.

A striking red brick façade, loft-style interiors, and abundant natural light enhance appeal, while significant seller investment of approximately $150,000 in residential upgrades positions 136 Court Street for immediate and stable performance. Zoned Com 1 (Service Commercial), the asset supports office, mixed-use, and multifamily residential uses, reinforcing its long-term flexibility and value-add potential. Positioned along Court Street, Binghamton’s main downtown corridor, the asset benefits from exceptional accessibility and visibility. The site sits one block from the Broome County Courthouse and County Office Building, driving consistent foot traffic and office demand.

Downtown Binghamton offers direct access to regional infrastructure, including major roadways such as Interstates 81 and 86 and NY Route 17, connecting the city to Syracuse, Scranton, and the Greater Southern Tier. Within walking distance are national and local retailers, including Boscov’s, along with popular dining destinations such as Strange Brew Café, Tom & Marty’s Town House, The Grove, and other Downtown staples. A population of over 174,000 within a 10-mile radius and annual consumer spending nearing $2 billion underscore the strength of the surrounding market, while renter-occupied households account for approximately 61% within a 2-mile radius, reinforcing sustained demand for multifamily housing.

Downtown Binghamton has experienced a notable renaissance driven by public-sector revitalization funding, historic building conversions, and investments in arts, dining, and public spaces. The area is anchored by cultural and entertainment destinations, including NYSEG Stadium, as well as breweries, specialty shops, and nightlife that support a vibrant urban lifestyle. Demand is further strengthened by proximity to Binghamton University, SUNY Broome Community College, and Empire State University, all within a 5-mile radius, attracting graduate students, faculty, healthcare professionals, and young renters seeking walkable, downtown living. With no multifamily units currently under construction as of Q2 2026, low vacancy, and rising rental rates, this mixed-use asset offers a compelling opportunity to capitalize on stable cash flow, diversified income, and long-term appreciation.