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206-218 State St 3 Properties Offered at $3,000,000 in Binghamton, NY
Investment Highlights
- • Fully occupied commercial space and near fully leased student housing provide immediate in-place cash flow.
- • Includes 34 student housing beds in a downtown Binghamton location near major demand drivers.
- • Property amenities include an indoor basketball court, unfinished common area, and lower-level parking garage.
- • Existing lease agreements extend through 2027, with several tenants committed through 2028.
- • Unfinished upper floor presents a value-add redevelopment opportunity for additional income-producing space.
- • Additional parking at 218 State Street and a separate Prospect Street residential entrance support flexible occupancy and operations.
Executive Summary
premier mixed-use investment portfolio in the heart of Binghamton, consisting of 206-218 State Street. offering a strong blend of commercial and residential space with immediate cash flow. The commercial component is 100% occupied, The residential portion consists of student housing(34 Beds) and is near fully leased, with four units remaining available. Existing leases provide secured rental income through 2027, with several extending to 2028, offering investors long-term revenue.Adding to the property's value is an unfinished upper floor where redevelopment has already begun, creating an outstanding opportunity to add additional income-producing space. The property also features impressive amenities, including Indoor basketball court and unfinished common area, Lower-level parking garage, Additional parking lot included at 218 state Street,Separate entrance on Prospect Street to residential space capable of accommodating up to 28 occupants, complete with two full kitchens.
Property Facts
| Price | $3,000,000 | Number of Properties | 3 |
| Price / SF | $56.86 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 52,763 SF |
| Status | Active | Total Land Area | 0.74 AC |
| Price | $3,000,000 |
| Price / SF | $56.86 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 52,763 SF |
| Total Land Area | 0.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 206 State St, Binghamton, NY 13901 | Office | 29,230 SF | 1970 | - |
| 209-211 State St, Binghamton, NY 13901 | Office | 16,464 SF | 1960 | - |
| 16 Lewis St, Binghamton, NY 13901 | Retail | 7,069 SF | 1960 | - |
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206-218 State St