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41 Court St 39,520 SF 100% Leased Retail Building Binghamton, NY 13901 $1,200,000 ($30.36/SF)
Investment Highlights
- Heavy Daytime Foot Traffic
- Open Plan With Exposed Brick Walls
- Redevelopment Opportunity
Executive Summary
41 Court Street offers 39,520 SF of in-place income and redevelopment potential within two connected building sections. The property combines an operating restaurant and entertainment tenant, vacant commercial space, existing apartment buildouts and a significant historic component, allowing a new owner to pursue improvements in phases.
The Court Street section includes Blazing Saddles Eatery & Saloon, which provides current commercial income, and the vacant former Galaxy Brewing space. Brewery and production infrastructure remain within the Galaxy portion, while apartment buildouts are located above both commercial spaces.
The larger historic section faces the Metro Center plaza and provides a separate entrance to several additional floors. Its defining feature is the former Wamsutta Tribe No. 37 lodge hall, where painted murals, a wraparound balcony, original woodwork and an ornamental ceiling dome remain. C-2 zoning and potential historic rehabilitation incentives support a range of residential, hospitality, entertainment, arts and mixed-use strategies, subject to approvals.
The Court Street section includes Blazing Saddles Eatery & Saloon, which provides current commercial income, and the vacant former Galaxy Brewing space. Brewery and production infrastructure remain within the Galaxy portion, while apartment buildouts are located above both commercial spaces.
The larger historic section faces the Metro Center plaza and provides a separate entrance to several additional floors. Its defining feature is the former Wamsutta Tribe No. 37 lodge hall, where painted murals, a wraparound balcony, original woodwork and an ornamental ceiling dome remain. C-2 zoning and potential historic rehabilitation incentives support a range of residential, hospitality, entertainment, arts and mixed-use strategies, subject to approvals.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
39,520 SF
Building Class
C
Year Built
1965
Price
$1,200,000
Price Per SF
$30.36
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
14’
Building FAR
3.36
Lot Size
0.27 AC
Zoning
YES - Downtown Business District
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 | Total Assessment | $537,900 | |
| Land Assessment | $84,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $453,800 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$84,100
Improvements Assessment
$453,800
Total Assessment
$537,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
Street View
Street
Map
Contact the Sale Advisor
41 Court St