41 Howard AveBinghamton, NY 13904

Property Details for 41 Howard Ave

Year built

1970

Lot size

0.26 AC

Property size (Sq ft)

2,160 SF

Property type

Investment properties

Property subtype

Live-work space

APN

030200 145.78-1-7

APU

302001457817

Description

This exceptional commercial property at 41 Howard Ave, Binghamton, NY, presents a unique investment opportunity. The main building, a sturdy brick structure encompassing 3,120 square feet, is ideally situated in the Eastside Robinson Street corridor, offering convenient access to Route 81 (within one mile). Its versatile design allows for a variety of uses, including professional office space, residential conversion, or warehouse storage, catering to a broad range of potential buyers and investors. The property's substantial size and prime location make it an attractive prospect for those seeking a strong return on investment. Adding to its appeal is a second building located at the rear of the property. This secondary structure, also constructed of brick and block, provides an additional 2,000 square feet of storage space. Two large overhead doors ensure easy access for trucks and heavy equipment, further enhancing the property's functionality and potential uses. The 0.26-acre lot provides ample space for expansion or outdoor activities. This property offers a compelling combination of size, location, and versatility, making it an ideal investment for discerning buyers. The solid construction and multiple potential uses ensure a long-term, profitable venture. Don't miss this chance to acquire a valuable asset in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $418,061

  6.5%

  $385,903

  7%

  $358,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $212,943

  Geo Method

  $282,226

• Alternative Use

  Use

  Valuation

  Residential

  $478,520

  Hospitality

  $438,321

  Educational

  $364,678

  Medical

  $377,220

  Retail

  $567,277

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.1085

Longitude

-75.8846

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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