180 Broad AveBinghamton, NY 13904

Property Details for 180 Broad Ave

Year built

1960

Lot size

0.11 AC

Property size (Sq ft)

2,539 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

030200 145.45-2-17

APU

3020014545217

Description

This turnkey retail property at 180 Broad Ave, Binghamton, NY, presents a unique investment opportunity. Located in an industrial zone with high visibility, this property benefits from its proximity to major highway interchanges, offering exceptional access to a large customer base. The strategic location near the Bevier Street intersection provides easy access to Bevier Street, the Brandywine Highway, and I-86. High daily traffic counts on the Brandywine Highway (22,092) and I-86 (57,696) ensure significant exposure. A substantial portion of the Binghamton market is within a 15-minute drive. The property includes all restaurant equipment and furniture, fixtures, and equipment (FFE), minimizing start-up costs for a new operator. Adding to the investment potential, a spacious two-bedroom apartment on the second floor provides an additional income stream. Numerous established businesses, including Mincola Distribution, Gates Fabrication, Ashland Chemical Corp, Three Arrows Corp., Buckingham Manufacturing, and Binghamton Agway, are within walking distance, creating a vibrant and established commercial environment. This property is ideal for an entrepreneur seeking a ready-to-operate business with significant growth potential. The asking price is $249,000.

• CAP approach

  CAP return

  Valuation

  6%

  $491,357

  6.5%

  $453,560

  7%

  $421,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,273

  Geo Method

  $331,746

• Alternative Use

  Use

  Valuation

  Residential

  $562,415

  Hospitality

  $515,169

  Educational

  $428,615

  Medical

  $443,355

  Retail

  $666,734

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.1188

Longitude

-75.8897

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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