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255 Washington St - Auction - Jul 13-15 - Value-Add Office 35,530 SF Specialty Building Offered For Sale in Binghamton, NY 13901
Investment Highlights
- Prominent downtown location within Binghamton's urban core
- Surrounded by business, civic, educational, and cultural destinations
- Walkable location near downtown amenities and services
- Multi-story institutional facility with established street presence
- Commercial zoning supports a range of potential future uses
Executive Summary
249-253 Washington Street offers an opportunity to acquire a substantial institutional property in Downtown Binghamton. Positioned along Washington Street within the city's urban core, the property benefits from proximity to government offices, educational institutions, local businesses, cultural venues, and the broader downtown business district. The location provides convenient access to major regional transportation routes, including Interstate 81 and Route 17/I-86, supporting connectivity throughout the Southern Tier and surrounding markets.
The property consists of a multi-story facility originally developed for religious and assembly use. Its scale, established downtown presence, and commercial zoning create potential for a variety of future occupancy scenarios, subject to applicable approvals and municipal requirements. The surrounding neighborhood continues to benefit from public and private investment activity, contributing to ongoing interest in adaptive reuse and redevelopment opportunities within Downtown Binghamton.
The asset's location within a walkable downtown environment enhances accessibility to nearby amenities, employment centers, restaurants, retail services, and community destinations. Investors, institutions, nonprofits, and owner-users may recognize value in the combination of building size, central location, and proximity to regional transportation infrastructure. The property's visibility and established presence along Washington Street further contribute to its positioning within the local market.
The property consists of a multi-story facility originally developed for religious and assembly use. Its scale, established downtown presence, and commercial zoning create potential for a variety of future occupancy scenarios, subject to applicable approvals and municipal requirements. The surrounding neighborhood continues to benefit from public and private investment activity, contributing to ongoing interest in adaptive reuse and redevelopment opportunities within Downtown Binghamton.
The asset's location within a walkable downtown environment enhances accessibility to nearby amenities, employment centers, restaurants, retail services, and community destinations. Investors, institutions, nonprofits, and owner-users may recognize value in the combination of building size, central location, and proximity to regional transportation infrastructure. The property's visibility and established presence along Washington Street further contribute to its positioning within the local market.
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 0.65 AC |
| Property Type | Specialty | Building Size | 35,530 SF |
| Property Subtype | Religious Facility | No. Stories | 4 |
| Building Class | C | Year Built | 1930 |
| Zoning | C - Commercial | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 35,530 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | C - Commercial |
Amenities
- Signage
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 030200-160-033-0001-012-000-0000 | Improvements Assessment | $2,428,900 |
| Land Assessment | $85,400 | Total Assessment | $2,514,300 |
Property Taxes
Parcel Number
030200-160-033-0001-012-000-0000
Land Assessment
$85,400
Improvements Assessment
$2,428,900
Total Assessment
$2,514,300
Contacts
-
Ian Grusd -
Brian Kaplan -
Charles Collins -
Connor Curtin -
Bryce Dunks -
Marcus & Millichap
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255 Washington St - Auction - Jul 13-15 - Value-Add Office
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