Available For Sale - Office

16,416 SF | Show Pricing $

LISTED BY

Scott Warren CCIM
SVN | Innovative Commercial Advisors,

AVAILABILITY DETAILS

Size
16,416 SF
Price/SF
Show Pricing $
Listing ID
SA523407
Notes
Available for sale is this iconic centerpiece of Downtown Binghamton, a unique and prestigious building designed by renowned architect Isaac Perry, who also built the State Capitol Building in Albany. Constructed in 1876, this steel frame structure—one of the few remaining in the United States—was featured in the 1991 movie Liebestraum and has housed various businesses over its 140+ year history.



Centrally located at the Chenango Street Roundabout in the heart of Historic Downtown Binghamton, this property enjoys an average daily traffic count of 8,110 and substantial foot traffic. It is within walking distance to key landmarks such as the Courthouse, County Office Building, Security Mutual, State Office Building, and City Hall, with an impressive walk score of 85.



The sale includes pre-approved development plans to convert the top three floors into housing, offering an exceptional opportunity for investors. With plans for 9 units and 18 beds, the building is positioned to generate strong rental income, especially given Downtown Binghamton’s popularity for student housing, with approximately 1,300 student beds nearby.



73 Court Street and 24 Centenary Street are also available to purchase as a package with 89 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.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Scott Warren CCIM, SVN | Innovative Commercial Advisors