33 Milford StBinghamton, NY 13904

Property Details for 33 Milford St

Lot size

0.24 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

030200 145.79-2-8

APU

302001457928

Description

This exceptional industrial property, located at 33 Milford Street in Binghamton, New York, presents a significant investment opportunity. The property encompasses a substantial 34,000 square feet of space, distributed across three buildings with two stories each, situated on a 0.92-acre lot. Built in 1965, the buildings are zoned for industrial use (though currently a non-conforming use). The property boasts convenient access to major highways, ensuring efficient transportation of goods and materials. Ample parking is available on-site. The property features two loading docks, simplifying loading and unloading operations. Public water and sewer services are readily available. Access to the property is possible from both Robinson and Court Streets. The asking price is $200,000, translating to a price per square foot of $5.88. This vacant property offers significant potential for a variety of manufacturing or flexible-use businesses seeking a well-located, spacious facility in Binghamton, NY, zip code 13904. The property's size, location, and amenities make it an attractive option for businesses seeking to establish or expand their operations in the area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,507,905

  6.5%

  $3,238,066

  7%

  $3,006,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,142,535

  Geo Method

  $3,407,874

• Alternative Use

  Use

  Valuation

  Residential

  $2,731,430

  Hospitality

  $2,501,975

  Educational

  $2,081,614

  Medical

  $2,153,204

  Retail

  $3,238,066

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.107

Longitude

-75.8782

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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