171 Front St
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171 Front St
32,949 SF Office Building Binghamton, NY 13905 $2,250,000 ($68/SF)
Investment Highlights
- Excellent location.
- Directly on Front St between the Court St and Clinton St Bridges.
- 2.49 Acres.
- 2 Buildings away from an approved development of 125 Units.
- Walking distance to downtown.
- 150 surface parking spaces.
Executive Summary
Located on 2.49 acres, this property boasts three interconnected buildings encompassing 32,949 square feet, along with ample parking space for 150 vehicles. Its diverse layout includes a former mansion, Class B office space, and a repurposed Elk's lodge, offering a unique blend of historical charm and modern functionality. Enhanced by amenities like forced air heating, central AC, and 3-phase electric power, the property stands out for its strategic location on Front Street, adjacent to a planned development of 125 units. With convenient access to Downtown Binghamton's bustling dining, shopping, and recreational offerings, coupled with heavy vehicle traffic averaging 8,053 cars per day and a commendable walkability score of 77, this well-maintained property presents an ideal opportunity for office, retail, or potential student housing ventures.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
32,949 SF
Building Class
B
Year Built
1975
Price
$2,250,000
Price Per SF
$68
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
16,475 SF
Slab To Slab
15’
Building FAR
0.30
Land Acres
2.49 AC
Zoning
Commercial - Office use in commercial zoning
Parking
150 Spaces (4.55 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 030200-160-032-0001-045-000-0000 | Improvements Assessment | $1,363,500 (2023) |
| Land Assessment | $61,500 (2023) | Total Assessment | $1,425,000 (2023) |
PROPERTY TAXES
Parcel Number
030200-160-032-0001-045-000-0000
Land Assessment
$61,500 (2023)
Improvements Assessment
$1,363,500 (2023)
Total Assessment
$1,425,000 (2023)
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Scott Warren -
SVN | Innovative Commercial Advisors
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171 Front St
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