9 Glenwood AveBinghamton, NY 13905

Property Details for 9 Glenwood Ave

Year built

2005

Lot size

0.77 AC

Property size (Sq ft)

9,372 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

030200 143.84-2-10

APU

3020014384210

Description

This exceptional Binghamton retail plaza presents a lucrative investment opportunity. Located on Glenwood Avenue, boasting 206 feet of road frontage and a daily traffic count of 7,525 vehicles, this property enjoys a prime location directly across from the new Foundry Plaza Shopping Center. The plaza is currently 100% occupied by long-term tenants, ensuring a stable income stream. Property taxes are included in the rent, while tenants are responsible for all utilities (gas, electric, water, and sewer). A significant advantage is the ample parking, with over 40 spaces in a newly paved lot. The property includes a unique feature: a 600-square-foot, one-bedroom apartment on the second floor, currently integrated into the Euro Foods lease, equipped with on-demand hot water and mini-split HVAC. Further expansion potential exists with the possibility of acquiring an adjacent vacant lot at 15 Glenwood Avenue. Additionally, significant unfinished attic space (18 feet wide, 180 feet long, 8-foot ceilings) offers considerable room for future development. A comprehensive financial offer memorandum is available upon request, providing detailed financial information to support this compelling investment. This is a rare chance to acquire a high-performing commercial property in a thriving retail market.

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.1084

Longitude

-75.9379

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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