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348-350 Clinton St 3,898 SF 100% Leased Retail Building Binghamton, NY 13905 $315,000 ($80.81/SF)
Investment Highlights
- Located along one of Binghamton’s primary commercial corridors with steady traffic and daily activity.
- Positioned near the signalized intersection of Clinton Street and Glenwood Avenue for increased visibility.
- Surrounding area offers a mix of local businesses, service providers, and residential housing creating a consistent tenant base.
- Immediate access to Interstate 86 enables efficient regional connectivity across the Southern Tier.
- Traffic counts of approximately 10,000 vehicles per day on Clinton Street and 7,500 on Glenwood Avenue enhance exposure.
- Proximity to both Downtown Binghamton and the North Side supports stable occupancy and long-term demand.
Executive Summary
Offered for sale is a 5-unit mixed-use investment property located along Clinton Street near the signalized intersection of Glenwood Avenue in Binghamton. The building consists of two ground-floor commercial units and three residential apartments, creating a balanced income stream across both retail and residential tenancy. The property is positioned within a high-visibility corridor with consistent traffic flow, benefiting from approximately 9,500 vehicles per day on Clinton Street and over 7,500 vehicles per day on Glenwood Avenue. Immediate access to Interstate 86 and surrounding arterial routes supports tenant accessibility and long-term leasing stability, making the location attractive for both commercial and residential occupants. Constructed of durable brick and supported by recent updates, the asset offers a straightforward operating profile with in-place income. The mixed-use configuration and strong location fundamentals position the property well for continued performance. Priced to achieve an 11% cap rate, this offering presents a compelling opportunity for investors seeking stable cash flow and long-term visibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,898 SF
Building Class
C
Year Built
1955
Price
$315,000
Price Per SF
$80.81
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.15 AC
Opportunity Zone
Yes
Frontage
47’ on Clinton
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030200-143-076-0002-022-000-0000 | Improvements Assessment | $36,400 |
| Land Assessment | $28,600 | Total Assessment | $65,000 |
Property Taxes
Parcel Number
030200-143-076-0002-022-000-0000
Land Assessment
$28,600
Improvements Assessment
$36,400
Total Assessment
$65,000
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348-350 Clinton St
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