73 Castle Creek RdBinghamton, NY 13901

Property Details for 73 Castle Creek Rd

Year built

1960

Lot size

0.31 AC

Property size (Sq ft)

876 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

032400 111.12-4-13

APU

3240011112413

Description

This exceptional 1.66-acre assemblage at 73-89 Castle Creek Road in Binghamton, New York, presents a compelling redevelopment opportunity. Priced at $1,100,000, this property boasts a prime location at an intersection just off I-81 Exit 6, offering unparalleled visibility and accessibility. The site includes four existing buildings and benefits from 550 feet of frontage, maximizing exposure to high traffic counts. Zoned for Planned Development Commercial, this assemblage is ideal for a variety of commercial ventures. Its strategic positioning at the intersection of Castle Creek Road and Upper Front Street ensures high visibility for any development. The 13901 zip code location provides easy access to major transportation routes, enhancing its appeal to businesses and investors. This is a rare chance to acquire a significant parcel of land in a thriving area with substantial development potential, making it an attractive investment for those seeking to capitalize on Binghamton's growth. The existing buildings offer flexibility for immediate use or potential demolition to accommodate a new construction project. This property's size, location, and zoning make it a truly unique opportunity in the Binghamton commercial real estate market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $152,614

  6.5%

  $140,875

  7%

  $130,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $76,764

  Geo Method

  $114,458

• Alternative Use

  Use

  Valuation

  Residential

  $174,684

  Hospitality

  $160,010

  Educational

  $133,126

  Medical

  $137,705

  Retail

  $207,086

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.162

Longitude

-75.894

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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