30 W State St | Binghamton, NY 13901
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30 W State St
Binghamton, NY 13901
Auction - Colonial Plaza | $144K NOI · Office Property For Sale
INVESTMENT HIGHLIGHTS
- STARTING BID $250,000 | Double-Digit Cap Rate | 49% Occupied | $144K NOI | AUCTION DECEMBER 9-11, 2024
- In-Place NOI = $144,551 | Double-Digit Cap Rate | 49% Occupied by a Mix of Longstanding Retail & Office Tenants
- Substantial Value-Add Opportunity to Increase In-Place Rents | Cash Flow Upside Via Vacancy Absorption and Month to Month Tenant Renewals
- ±66,045 SF, Four Building Retail/Office Portfolio in Binghamton, NY | 49% Occupied
- Near Signalized Intersection of W Sate St (±8,582 VPD) and Chenango St (±8,600 VPD) in Main Commercial Corridor
PROPERTY FACTS
Property Type
Office
Building Size
27,216 SF
Building Class
C
Year Built
1970
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,608 SF
Slab To Slab
10’
Building FAR
0.78
Lot Size
0.80 AC
Zoning
C - Commercial
Parking
275 Spaces (10.1 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 030200-144-074-0001-017-000-0000 | Improvements Assessment | $419,200 |
| Land Assessment | $69,000 | Total Assessment | $488,200 |
PROPERTY TAXES
Parcel Number
030200-144-074-0001-017-000-0000
Land Assessment
$69,000
Improvements Assessment
$419,200
Total Assessment
$488,200
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