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Binghamton Development Site 191 Front St 44,867 SF Retail Building Binghamton, NY 13905 For Sale
Executive Summary
Lee & Associates NYC is pleased to present our Offering Memorandum for the full-block Front Street Assemblage in Binghamton, New York (hereafter referred to as the “Front-Oak Assemblage”). This prime development site encompasses over 3.6 acres of land with frontage on Gerard Avenue, Oak Street, and Front Street. The current plans include the construction of 156 residential units along with 6,000 square feet of drive-thru retail space.
Over the past decade, the City of Binghamton has undergone significant transformation, particularly in the Downtown and West Side neighborhoods, where purpose-built student housing has dominated new developments. This shift has resulted in a scarcity of market-rate and affordable housing options in the region. Given the limited availability of approved development sites near downtown Binghamton, the Front-Oak Assemblage represents a compelling opportunity for a development partner to capitalize on a market that is deeply constrained in supply.
Fully Approved plans for approximately 163,000 square feet of mixed-use residential development
Strategically located near the vibrant Downtown area of Binghamton
Proximity to Major Employment Centers including SUNY Binghamton, Technology, Manufacturing, and healthcare sectors
Supply-constrained market with few upcoming developments scheduled for delivery
Over the past decade, the City of Binghamton has undergone significant transformation, particularly in the Downtown and West Side neighborhoods, where purpose-built student housing has dominated new developments. This shift has resulted in a scarcity of market-rate and affordable housing options in the region. Given the limited availability of approved development sites near downtown Binghamton, the Front-Oak Assemblage represents a compelling opportunity for a development partner to capitalize on a market that is deeply constrained in supply.
Fully Approved plans for approximately 163,000 square feet of mixed-use residential development
Strategically located near the vibrant Downtown area of Binghamton
Proximity to Major Employment Centers including SUNY Binghamton, Technology, Manufacturing, and healthcare sectors
Supply-constrained market with few upcoming developments scheduled for delivery
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
44,867 SF
Building Class
B
Year Built
1970
Tenancy
Single
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.29
Lot Size
3.60 AC
Zoning
YES
Parking
200 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030200-160-032-0001-011-000-0000 | Improvements Assessment | $307,459 CAD |
| Land Assessment | $101,483 CAD | Total Assessment | $408,942 CAD |
Property Taxes
Parcel Number
030200-160-032-0001-011-000-0000
Land Assessment
$101,483 CAD
Improvements Assessment
$307,459 CAD
Total Assessment
$408,942 CAD
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Binghamton Development Site | 191 Front St
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