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41 Court St 39,520 SF 100% Leased Retail Building Binghamton, NY 13901 $1,425,000 ($36.06/SF)
Investment Highlights
- Eligible for historic credits, and located in the hub zone.
- Surrounded by major retailers, dining, and entertainment venues, including Boscov’s and Metro Center.
- Centrally located in Downtown Binghamton with frontage on Court Street and Washington Street.
- 39,520 SF building offering mixed-use configuration with multifamily and commercial components.
- High-traffic corridor with an average daily traffic count of 13,634 vehicles and a walkability score of 91 with heavy foot traffic.
Executive Summary
Prime downtown Binghamton mixed-use opportunity (~39,500 SF) with significant value-add potential. Multiple street-level commercial units generate ~$5,000/month while upper floors are primed for residential or student housing conversion. Located in the Downtown Business District allowing flexible mixed-use redevelopment. Prior concepts support 18+ units / up to 41 bedrooms, well-suited for a per-bed leasing model. Strong rental demand driven by Binghamton University (~19,000 students) and a ~44% renter population. Preliminary plans available; conversion-ready layout. One of the largest available assets in the downtown core. This is a scale-driven, demand-backed repositioning opportunity in a market attracting institutional and private capital
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
39,520 SF
Building Class
C
Year Built
1965
Price
$1,425,000
Price Per SF
$36.06
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
14’
Building FAR
3.36
Lot Size
0.27 AC
Zoning
YES - Downtown Business District
Parking
2 Spaces (0.05 Spaces per 1,000 SF Leased)
Frontage
53’ on Court St
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
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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41 Court St
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