Income-Producing Value-Add Mixed Use Opp 73 Court St

This expansive complex is perfectly situated in the heart of Downtown Binghamton, offering an unparalleled central location on Court Street between State and Chenango Streets—one of the most desirable areas in the city. The property benefits from significant foot and vehicle traffic, with an average daily traffic count of 7,687 and an impressive walk score of 87. It’s just a short walk to the SUNY bus lines and all the amenities Downtown Binghamton has to offer.
The building features approximately 5,500 square feet of turnkey retail space, along with 13 fully equipped student beds. Additionally, there's ample room for expansion, with blueprints in place for 24 more beds. A $450,000 green roof adds to the property’s appeal, enhancing both sustainability and aesthetics. This property currently generates positive cash flow with substantial value-add potential, making it a prime investment opportunity. Financials are pro forma.
89 Court Street and 24 Centenary Street are also available to purchase as a package with 73 Court Street, creating a powerful portfolio investment opportunity. Owning all three properties offers significant advantages in terms of scale, management efficiency, and market influence within Downtown Binghamton’s growing rental market.