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457 Court St 8,120 SF Retail Building Binghamton, NY 13904 $693,424 CAD ($85.40 CAD/SF) 11.82% Cap Rate
Investment Highlights
- 1+ Year Lease Term Remaining | Value-Add Opportunity | C1 Zoning (Service Commercial)
- Frontage On Court St (14,100 VPD) | Minutes From I-81/86 (63,900 VPD)
- Direct Residential Consumer Base | Strong Demographics
- Dense Retail Corridor | Surrounded by National Tenants
- Proximity To Downtown Binghamton | Regional Draw
Executive Summary
• The lease has over one year of primary term remaining, providing stable near-term income while offering significant value-add potential through future redevelopment or re-tenanting
• Zoned C1 (Service Commercial), the property is well-positioned for a wide range of commercial uses, enhancing long-term flexibility and upside
• Zoned C1 (Service Commercial), the property is well-positioned for a wide range of commercial uses, enhancing long-term flexibility and upside
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,120 SF
Building Class
C
Year Built
1985
Price
$693,424 CAD
Price Per SF
$85.40 CAD
Cap Rate
11.82%
NOI
$81,980 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.52 AC
Zoning
C1 - Service Commercial
Parking
20 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030200-161-023-0001-032-000-0000 | Improvements Assessment | $268,314 CAD |
| Land Assessment | $84,047 CAD | Total Assessment | $352,361 CAD |
Property Taxes
Parcel Number
030200-161-023-0001-032-000-0000
Land Assessment
$84,047 CAD
Improvements Assessment
$268,314 CAD
Total Assessment
$352,361 CAD
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457 Court St
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