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346 Clinton St 4,442 SF 100% Leased Retail Building Binghamton, NY 13905 $270,541 CAD ($60.91 CAD/SF) 10% Cap Rate
Investment Highlights
- Mixed-use property
- Convenient access to Interstate 86
- High-visibility location
- Durable brick construction
Executive Summary
Offered for sale is a brick mixed-use investment property located along Clinton Street near the signalized intersection of Glenwood Avenue in Binghamton. The asset consists of three residential apartments and one ground-floor commercial space, providing diversified income across both residential and retail tenancy. The property is positioned in a high-visibility location with strong 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 both tenant accessibility and long-term leasing stability. Constructed of durable brick, the building offers a straightforward operating profile with in-place income and a balanced unit mix. The combination of location, exposure, and mixed-use functionality positions the asset well for continued performance. Priced to reflect a 10% cap rate, this offering presents a compelling opportunity for investors seeking stable cash flow with strong visibility and long-term positioning.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,442 SF
Building Class
C
Year Built
1960
Price
$270,541 CAD
Price Per SF
$60.91 CAD
Cap Rate
10%
NOI
$27,054 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.12
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
MU - Mixed Use
Frontage
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030200-143-076-0002-021-000-0000 | Improvements Assessment | $41,008 CAD |
| Land Assessment | $27,339 CAD | Total Assessment | $68,347 CAD |
Property Taxes
Parcel Number
030200-143-076-0002-021-000-0000
Land Assessment
$27,339 CAD
Improvements Assessment
$41,008 CAD
Total Assessment
$68,347 CAD
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346 Clinton St
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