How many Retail Space listings are available for sale in Binghamton?
Currently, there are 12 Retail Space listings for sale near Binghamton, NY. LoopNet consistently updates its retail listings with the latest properties added on a regular basis.
How much is a Retail Space for sale in Binghamton?
The average price per square foot for Binghamton Retail Space for sale is about $143. The cost of retail space is generally influenced by its location, size, and condition. Prime locations and larger, well-maintained spaces are generally more expensive, with the highest price of retail space in Binghamton, NY going for $231/sqft.
What is the average size of Retail Space available for sale in Binghamton?
The average size of Retail Space available for sale in Binghamton, NY is approximately 24,141 SF. The largest Retail Space available for sale is 73,100 SF and the smallest is 1,296 SF.
Determining the size of retail space you'll need to buy depends on factors such as the type of business and space needed for services, number of employees, storage needs, etc.
What is the average cap rate for Retail Properties in Binghamton?
Cap rates for retail properties in Binghamton, NY typically range between 6.50% and 8.56%, with variations influenced by factors including tenant quality, lease terms, and property age.
Read more about cap rates and other factors that influence them such as location, property type and market conditions.
What factors contribute to choosing the right Retail Space for sale in Binghamton?
Conduct the proper due diligence including these factors to find the right retail space to buy in Binghamton, NY:
- Location: Align with your target market and offer visibility
- Foot Traffic: Choose an area in Binghamton with high foot traffic, if possible
- Size and Layout: Size and layout should accommodate your needs
- Physical Condition and Maintenance: Factor in maintenance costs and potential renovation needs
- Zoning and Regulations: Ensure compliance with zoning regulations and permits for your intended use
