348 Clinton St, Binghamton, NY for sale

348 Clinton St, Binghamton, NY 13905

Accepting Offers
348 Clinton St, Binghamton, NY for sale348 Clinton St, Binghamton, NY for sale348 Clinton St, Binghamton, NY for sale348 Clinton St, Binghamton, NY for sale
Asking Price

$273,000

348 Clinton St, Binghamton, NY for sale

348 Clinton St, Binghamton, NY 13905

Asset Type: Real Estate

Estate: Fee Simple

Land Area: 0.14 Acres

Number of Units: 4

Property Type: Retail

Year Built: 1955

Number of Floors: 2

Property Size: 4,516 SF

Investment Highlights

  • 5-unit mixed-use property with 2 commercial spaces and 3 residential apartments
  • High-visibility location near the intersection of Clinton Street and Glenwood Avenue
  • Strong traffic counts with approximately 9,500 vehicles per day on Clinton Street and 7,500 on Glenwood Avenue
  • Immediate access to Interstate 86 supporting regional connectivity
  • Durable brick construction with recent updates completed
  • Diversified income stream across retail and residential tenancy
  • Priced to achieve an 11% cap rate with in-place cash flow

Offering Summary

Offered for sale is a 5-unit mixed-use investment property located along Clinton Street near the signalized intersection of Glenwood Avenue in Binghamton. The building consists of two ground-floor commercial units and three residential apartments, creating a balanced income stream across both retail and residential tenancy. The property is positioned within a high-visibility corridor with consistent traffic flow, benefiting from approximately 9,500 vehicles per day on Clinton Street and over 7,500 vehicles per day on Glenwood Avenue. Immediate access to Interstate 86 and surrounding arterial routes supports tenant accessibility and long-term leasing stability, making the location attractive for both commercial and residential occupants. Constructed of durable brick and supported by recent updates, the asset offers a straightforward operating profile with in-place income. The mixed-use configuration and strong location fundamentals position the property well for continued performance. Priced to achieve an 11% cap rate, this offering presents a compelling opportunity for investors seeking stable cash flow and long-term visibility.

Sale FAQs

Investment Sales Broker

Scott Warren, CCIM

Scott Warren, CCIM

SVN | Innovative Commercial Advisors

NY License: 10491212432

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXX

Other Listings

See All Listings