81 Court StBinghamton, NY 13901

Property Details for 81 Court St

Year built

1960

Lot size

0.05 AC

Property size (Sq ft)

7,056 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

030200 160.41-1-18

APU

3020016041118

Description

This exceptional five-story commercial property located at 81 Court Street in the heart of Binghamton, NY, presents a unique investment opportunity. Boasting a prime downtown location with high traffic counts, this building offers unparalleled visibility and accessibility for any commercial venture. The property's substantial size and central location make it ideal for a variety of uses, including commercial or residential redevelopment. Currently, the square footage is not specified, but the five-story structure offers considerable space for a significant project. The property sits on a 0-acre lot. This building is poised for substantial renovation and offers investors a chance to create a high-value asset. Importantly, this property is eligible for both federal and state tax credits, providing significant financial incentives for redevelopment. A Matterport 3D virtual tour is available online, allowing potential buyers to thoroughly explore the building's interior and layout before scheduling an in-person visit. This is a rare chance to acquire a landmark building in a thriving downtown area and capitalize on its immense potential. The asking price for this remarkable investment opportunity is $300,000. Don't miss this chance to transform a city landmark and secure a lucrative return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,089,094

  6.5%

  $1,005,317

  7%

  $933,509

• Comparable approach

  Method

  Valuation

  Relative Method

  $541,051

  Geo Method

  $921,937

• Alternative Use

  Use

  Valuation

  Residential

  $1,246,593

  Hospitality

  $1,141,873

  Educational

  $950,025

  Medical

  $982,698

  Retail

  $1,477,816

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.099

Longitude

-75.9116

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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