150 Main St
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150 Main St
17,160 SF Office Building Johnson City, NY 13790 $1,900,000 ($111/SF)
Investment Highlights
- Office space near the university campus could attract faculty, staff, and businesses interested in collaboration with the university.
- Medical or Healthcare Facilities: Being near a health science campus could attract medical offices, clinics, or healthcare-related services
- Fitness Centers: Gyms, yoga studios, or wellness centers could capitalize on the health-conscious demographic near the health science campus.
- .Mixed-Use Development:Combining residential units w/commercial spaces -offices, retail shops,dining,etc. can maximize the property's potential.
- Restaurant or Food Services: Establishments such as cafes, restaurants, or food trucks could cater to students, faculty, and visitors to the area.
- Community Services: Consider spaces for community services such as daycare centers, senior care facilities, or cultural centers.
Executive Summary
Position yourself strategically by investing in Broome County, NY's Southern Tier, now poised to emerge as a global leader in lithium-ion battery production and bolstered by proximity to Binghamton University's Health Science Campus in Johnson City, NY. Binghamton University was named one of the top 10 public IVIES by Forbes.
This unique investment opportunity offers prime location advantages adjacent to the bustling university hub. The property, featuring approximately 1 acre (4 parcels combined) with 186 feet of frontage on Main St, is perfectly situated for commercial or mixed-use development. Its three curb cuts ensure excellent accessibility, appealing to businesses and residents alike.
With strong profitability potential driven by university demand and local development initiatives, this investment promises stable returns and long-term growth in a rapidly expanding sector. Moreover, Broome County's recent investments in battery technology, including $113 million Federal award for domestic manufacturing and over $100 million in federal funding for production and training facilities, underscore the region's promising economic trajectory. Nearby redevelopment projects, such as the former BAE Systems site in Johnson City, further enhance the area's appeal and potential for investors.
Joining this burgeoning sector is bolstered by the accolades of Binghamton University's own Stanley Whittingham, a Nobel laureate, recognized for advancing solar energy and lithium battery storage technologies. His recent $3 million VinFuture Award highlights the region's leadership in sustainable innovation, making it a compelling choice for forward-thinking investors.
Demand for commercial space, housing, or services in such locations often translates into stable income or property appreciation over time. In conclusion, this investment opportunity stands out due to its strategic location, size, frontage, and accessibility. These factors contribute to its great profitable potential, making it an attractive proposition for investors looking to capitalize on the growth and development opportunities in the area.
This investment opportunity is quite unique and promising, especially given its prime location next to Binghamton University Health Science Campus in the Village of Johnson City, NY. Here’s a breakdown of its potential:
Location: Being situated next to BU's Health Science Campus is a significant advantage. This proximity can attract potential tenants or buyers interested in housing or services catering to university staff, students, or affiliated personnel.
Size and Frontage: The property's approximately 1 acre size and 186 feet of frontage on Main St provide ample space and visibility. This is crucial for commercial or mixed-use development, offering opportunities for retail, office space, or potentially residential units depending on zoning regulations.
Accessibility: With 3 curb cuts, the property offers excellent accessibility, which is advantageous for any business or development aiming to attract traffic from Main St and enhance convenience for customers or residents.
Profitability Potential: Given its location near a university campus and in a developed area like the Village of Johnson City, there is strong potential for profitability. Demand for commercial space, housing, or services in such locations often translates into stable rental income or property appreciation over time.
Besides housing, check out some additional potential uses for this investment opportunity near Binghamton University Health Science Campus in Johnson City, NY:
SUMMARY:
Location Advantage: Proximity to Binghamton University's Health Science Campus and its potential economic impact.
Investment Potential: Clear opportunities for commercial or mixed-use development, driven by local demand and development initiatives
.
Sector Growth: Emerging leadership in lithium-ion battery production and related industries, supported by significant investments and accolades.
FEATURES:
~.96 Acre
Main building ~17,160 SF.
1st Floor ~ 5,720 SF
2nd floor has a 1,372 SF Great Room w/service elevator to 1st Flr.
2nd floor - 3 bd/1 bath apt.
3rd floor- 3 bd/1 bath apt.
Lower Level - Two offices, break room, storage room,workshop
Built c.1900 - retains much of the original beautiful wood detailing
Two detached garages - one with 5 stalls, the other with 2 stalls
4 car attached garage
Central Air
Gas Hot Water Heat
Security System
Drone video: https://www.dropbox.com/scl/fi/pk786rd55l9p7daz0bhlj/150MainJohnsonCityNY.mp4?rlkey=oe4ezvbqhjnyjv69qqttjm9g8&dl=0
This unique investment opportunity offers prime location advantages adjacent to the bustling university hub. The property, featuring approximately 1 acre (4 parcels combined) with 186 feet of frontage on Main St, is perfectly situated for commercial or mixed-use development. Its three curb cuts ensure excellent accessibility, appealing to businesses and residents alike.
With strong profitability potential driven by university demand and local development initiatives, this investment promises stable returns and long-term growth in a rapidly expanding sector. Moreover, Broome County's recent investments in battery technology, including $113 million Federal award for domestic manufacturing and over $100 million in federal funding for production and training facilities, underscore the region's promising economic trajectory. Nearby redevelopment projects, such as the former BAE Systems site in Johnson City, further enhance the area's appeal and potential for investors.
Joining this burgeoning sector is bolstered by the accolades of Binghamton University's own Stanley Whittingham, a Nobel laureate, recognized for advancing solar energy and lithium battery storage technologies. His recent $3 million VinFuture Award highlights the region's leadership in sustainable innovation, making it a compelling choice for forward-thinking investors.
Demand for commercial space, housing, or services in such locations often translates into stable income or property appreciation over time. In conclusion, this investment opportunity stands out due to its strategic location, size, frontage, and accessibility. These factors contribute to its great profitable potential, making it an attractive proposition for investors looking to capitalize on the growth and development opportunities in the area.
This investment opportunity is quite unique and promising, especially given its prime location next to Binghamton University Health Science Campus in the Village of Johnson City, NY. Here’s a breakdown of its potential:
Location: Being situated next to BU's Health Science Campus is a significant advantage. This proximity can attract potential tenants or buyers interested in housing or services catering to university staff, students, or affiliated personnel.
Size and Frontage: The property's approximately 1 acre size and 186 feet of frontage on Main St provide ample space and visibility. This is crucial for commercial or mixed-use development, offering opportunities for retail, office space, or potentially residential units depending on zoning regulations.
Accessibility: With 3 curb cuts, the property offers excellent accessibility, which is advantageous for any business or development aiming to attract traffic from Main St and enhance convenience for customers or residents.
Profitability Potential: Given its location near a university campus and in a developed area like the Village of Johnson City, there is strong potential for profitability. Demand for commercial space, housing, or services in such locations often translates into stable rental income or property appreciation over time.
Besides housing, check out some additional potential uses for this investment opportunity near Binghamton University Health Science Campus in Johnson City, NY:
SUMMARY:
Location Advantage: Proximity to Binghamton University's Health Science Campus and its potential economic impact.
Investment Potential: Clear opportunities for commercial or mixed-use development, driven by local demand and development initiatives
.
Sector Growth: Emerging leadership in lithium-ion battery production and related industries, supported by significant investments and accolades.
FEATURES:
~.96 Acre
Main building ~17,160 SF.
1st Floor ~ 5,720 SF
2nd floor has a 1,372 SF Great Room w/service elevator to 1st Flr.
2nd floor - 3 bd/1 bath apt.
3rd floor- 3 bd/1 bath apt.
Lower Level - Two offices, break room, storage room,workshop
Built c.1900 - retains much of the original beautiful wood detailing
Two detached garages - one with 5 stalls, the other with 2 stalls
4 car attached garage
Central Air
Gas Hot Water Heat
Security System
Drone video: https://www.dropbox.com/scl/fi/pk786rd55l9p7daz0bhlj/150MainJohnsonCityNY.mp4?rlkey=oe4ezvbqhjnyjv69qqttjm9g8&dl=0
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
17,160 SF
Building Class
B
Year Built
1900
Price
$1,900,000
Price Per SF
$111
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,720 SF
Building FAR
0.86
Land Acres
0.46 AC
Opportunity Zone
Yes
Zoning
UMF - In addition to parcel 150, also included in sale are parcels 144,154,158
Parking
23 Spaces (1.34 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $20,200 | |
| Land Assessment | $14,800 | Total Assessment | $35,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,800
Improvements Assessment
$20,200
Total Assessment
$35,000
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Linda Kent - Linda Kent Real Estate, LLC
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150 Main St
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