187 Main StBinghamton, NY 13905

Property Details for 187 Main St

Year built

1980

Lot size

0.27 AC

Property size (Sq ft)

3,108 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

030200 160.21-4-27

APU

3020016021427

Description

This exceptional retail space, located at 187 Main Street in Binghamton, NY, offers approximately 2500 square feet of ground-level storefront area. Its prime Main Street location ensures high visibility and foot traffic, making it ideal for a variety of businesses. The space is available for lease at a monthly rate of $2,000. A minimum three-year lease term is required. The property is situated on a lot with zero acres. This presents a fantastic opportunity for businesses seeking a prominent and accessible location in the heart of Binghamton to establish or expand their operations. The spacious layout provides ample room for retail displays, inventory storage, and customer service areas. The property's prominent street-level presence ensures maximum exposure to potential customers. This is a rare opportunity to secure a well-positioned retail space in a thriving commercial area. Serious inquiries only. Lease terms are negotiable within the framework of a minimum three-year commitment.

• CAP approach

  CAP return

  Valuation

  6%

  $594,853

  6.5%

  $549,095

  7%

  $509,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,396

  Geo Method

  $629,442

• Alternative Use

  Use

  Valuation

  Residential

  $549,095

  Hospitality

  $502,968

  Educational

  $418,463

  Medical

  $432,855

  Retail

  $650,943

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.1039

Longitude

-75.932

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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