91 Chenango Bridge RdBinghamton, NY 13901

Property Details for 91 Chenango Bridge Rd

Year built

1970

Lot size

6.62 AC

Property size (Sq ft)

14,344 SF

Property type

Office properties

Property subtype

Office buildings

APN

032400 112.06-1-1

APU

324001120611

Description

This exceptional investment opportunity presents a well-maintained, free-standing medical/professional office building in Binghamton, NY, located at 91 Chenango Bridge Rd. Currently fully occupied with established tenants under triple-net (NNN) leases, this property offers a strong and consistent income stream. The building boasts a compelling 13.24% capitalization rate, making it an attractive proposition for investors seeking high returns. Situated in a prime location, the property benefits from high visibility and significant traffic volume, with approximately 13,000 vehicles passing daily. Its proximity to major thoroughfares like Front Street and Route 12A, along with a dense concentration of businesses (roughly 500 within a 3-mile radius) and a population of 15,000 within the same area, ensures a robust and stable tenant base. Nearby businesses include Chenango Animal Hospital, Batch Coffee, Price Chopper, Tavolo Italian Restaurant, McGirk's Irish Pub, and Guthrie Chenango Bridge Pharmacy, further highlighting the desirability of this location. This is a turnkey investment opportunity with established tenants and a proven track record of success. The property's strong financial performance, coupled with its strategic location, makes it an ideal addition to any investment portfolio. The building's size is not specified in the provided information.

• CAP approach

  CAP return

  Valuation

  6%

  $3,307,379

  6.5%

  $3,052,965

  7%

  $2,834,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,728,371

  Geo Method

  $1,874,187

• Alternative Use

  Use

  Valuation

  Residential

  $3,785,677

  Hospitality

  $3,467,660

  Educational

  $2,885,052

  Medical

  $2,984,273

  Retail

  $4,487,858

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.1702

Longitude

-75.8794

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].