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41 Court St 5,499 SF 100% Leased Retail Building Binghamton, NY 13901 $1,350,000 ($245.50/SF)
INVESTMENT HIGHLIGHTS
- Newly signed 5-year commercial lease at $5,000/month
- 39,000 SF building offering strong value-add and redevelopment potential
- Prime corner location with dual frontage on Court and Washington Streets
- Surrounded by major downtown anchors and high pedestrian traffic
EXECUTIVE SUMMARY
This 39,000 SF building presents an outstanding investment opportunity in the core of Downtown Binghamton. The first-floor commercial space has been newly leased for $5,000 per month on a five-year lease, providing steady cash flow and reinforcing the asset’s long-term stability. The upper floors offer substantial value-add potential, whether for additional commercial use, redevelopment, or mixed-use conversion.
Situated prominently at the intersection of Court Street and Washington Street, the property enjoys dual frontage, excellent visibility, and exposure to heavy pedestrian and vehicle traffic. Court Street sees an average daily count of 13,634 vehicles, while the area’s Walk Score of 91 underscores its accessibility and urban appeal.
Surrounded by key anchors such as Boscov’s, the MetroCenter, and Ellis Brothers Furniture, this location is positioned for continued growth and demand in Binghamton’s thriving downtown district.
Situated prominently at the intersection of Court Street and Washington Street, the property enjoys dual frontage, excellent visibility, and exposure to heavy pedestrian and vehicle traffic. Court Street sees an average daily count of 13,634 vehicles, while the area’s Walk Score of 91 underscores its accessibility and urban appeal.
Surrounded by key anchors such as Boscov’s, the MetroCenter, and Ellis Brothers Furniture, this location is positioned for continued growth and demand in Binghamton’s thriving downtown district.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,499 SF
Building Class
C
Year Built
1965
Price
$1,350,000
Price Per SF
$245.50
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
14’
Building FAR
0.36
Lot Size
0.35 AC
Parking
2 Spaces (0.05 Spaces per 1,000 SF Leased)
Frontage
53’ on Court St
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Galaxy Brewing Co
- Manufacturing
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Galaxy Brewing Co | Manufacturing | - | - | - |
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $453,800 | |
| Land Assessment | $84,100 | Total Assessment | $537,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$84,100
Improvements Assessment
$453,800
Total Assessment
$537,900
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