Investment Property for Sale at 206 State St in Binghamton, New York for $600,000

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206 State St | BINGHAMTON

$600,000 | 34 Beds (9 Full) | 29,230 Sq. Ft.

206-218 State Street presents a fully renovated, fully leased mixed-use investment opportunity in Downtown Binghamton, featuring 34 residential bedrooms, commercial rental space, and 18 off-street parking spaces. Signed leases through 2028 provide established income and contractual rent growth, with scheduled annual rental income increasing from $397,320 in 2026-2027 to $427,900 in 2027-2028. Located along State Street's Artists Row, the property benefits from proximity to restaurants, entertainment, downtown amenities, and university transportation. Extensive capital improvements, secured rental income, and dedicated parking support long-term investment appeal. The advertised $600,000 list price represents the OPENING BID ONLY and is NOT the property's actual list price or an indication of its market value. GBAR MLS #337441

Directions to property: From traffic Circle take court St Exit, Turn right on to state ST, Building Is on the right.

Contact Information

To inquire about this property, please contact your REALTOR® directly if you are already working with one, or use the contact information provided below to contact the listing agent or brokerage directly. GBAR staff is unable to provide real estate listing information. Please contact one of our REALTOR® members if you need more information about this or any other listing.
Listing Agent Name: 
Stephanie J Edson
Listing Agent Phone: 
607-237-8057
Listing Agent Email: 
stephanieedson01 [at] kw [dot] com (send a message)
Listing Co-Agent Name: 
Scott Warren
Listing Co-Agent Phone: 
607-621-0439
Listing Co-Agent Email: 
scottwarrencre [at] gmail [dot] com
Listing Office Name: 
KELLER WILLIAMS REALTY GREATER BINGHAMTON
Listing Office Phone: 
607-722-0722
Listing Co-Office Name: 
INNOVATIVE COMMERCIAL ADVISORS
Listing Co-Office Phone: 
607-203-1826