Investment Property for Sale at 206 State St in Binghamton, New York for $3,000,000

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206 State St | BINGHAMTON

$3,000,000 | 34 Beds (9 Full) | 29,230 Sq. Ft.

premier mixed-use investment portfolio in the heart of Binghamton, consisting of 206-218 State Street. offering a strong blend of commercial and residential space with immediate cash flow. The commercial component is 100% occupied, The residential portion consists of student housing(34 Beds) fully leased. Existing leases provide secured rental income through 2027, with leases extending to 2028, offering investors long-term revenue.Adding to the property's value is an unfinished upper floor where redevelopment has already begun, creating an outstanding opportunity to add additional income-producing space. The property also features impressive amenities, including Indoor basketball court and unfinished common area, Lower-level parking garage, Additional parking lot included at 218 state Street,Separate entrance on Prospect Street to residential space capable of accommodating up to 28 occupants, complete with two full kitchens. 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 Office Name: 
KELLER WILLIAMS REALTY GREATER BINGHAMTON
Listing Office Phone: 
607-722-0722