74 Carroll StBinghamton, NY 13901

Property Details for 74 Carroll St

Year built

1970

Lot size

0.56 AC

Property size (Sq ft)

13,020 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

030200 160.42-1-32

APU

3020016042132

Description

This exceptional 1,250 square foot executive office suite is ideally situated in the heart of downtown Binghamton, New York, at 74 Carroll Street. Located just one block from Court Street, this Class B building offers unparalleled convenience and visibility within a thriving business district. Built in 1970, the 13,020 square foot building sits on a 0.57-acre lot and currently has 1,250 square feet available for lease. The fully built-out space includes a welcoming reception area, five private offices perfect for individual work or team collaboration, a dedicated storage room, and a private restroom for added convenience. Limited off-street parking is available on the property, supplemented by ample free street parking nearby and paid parking just a block away. This prime location boasts a walkability score of 84, providing easy access to local amenities and fostering a vibrant work environment. The lease rate is competitively priced at $13 per square foot, plus utilities. This is a fantastic opportunity for businesses seeking a prestigious downtown address with exceptional accessibility and a strong sense of community. The property is in Broome County, New York, and has a multiple tenancy structure.

• CAP approach

  CAP return

  Valuation

  6%

  $2,009,637

  6.5%

  $1,855,050

  7%

  $1,722,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $998,368

  Geo Method

  $1,701,193

• Alternative Use

  Use

  Valuation

  Residential

  $2,300,262

  Hospitality

  $2,107,027

  Educational

  $1,753,022

  Medical

  $1,813,311

  Retail

  $2,726,923

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.0991

Longitude

-75.9072

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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