150 Main St - Medical FOR SALE


Johnson City, NY 13790
$1,900,000 USD
607-725-7219
150 Main St, Johnson City, NY for Sale
$1,900,000 USD
Medical - FOR SALE
1/81
null | Request Cap Rate

150 Main St
Johnson City, NY 13790


HIGHLIGHTS

  • Office space near the university campus could attract faculty, staff, and businesses interested in collaboration with the university.
  • .Mixed-Use Development:Combining residential units w/commercial spaces -offices, retail shops,dining,etc. can maximize the property's potential.
  • Medical or Healthcare Facilities: Being near a health science campus could attract medical offices, clinics, or healthcare-related services
  • Restaurant or Food Services: Establishments such as cafes, restaurants, or food trucks could cater to students, faculty, and visitors to the area.
  • Fitness Centers: Gyms, yoga studios, or wellness centers could capitalize on the health-conscious demographic near the health science campus.
  • Community Services: Consider spaces for community services such as daycare centers, senior care facilities, or cultural centers.

OVERVIEW

Position yourself strategically by investing in Broome County, NY's Southern Tier, now poised to emerge as a global leader in lithium-ion battery production and bolstered by proximity to Binghamton University's Health Science Campus in Johnson City, NY. Binghamton University was named one of the top 10 public IVIES by Forbes. This unique investment opportunity offers prime location advantages adjacent to the bustling university hub. The property, featuring approximately 1 acre (4 parcels combined) with 186 feet of frontage on Main St, is perfectly situated for commercial or mixed-use development. Its three curb cuts ensure excellent accessibility, appealing to businesses and residents alike. With strong profitability potential driven by university demand and local development initiatives, this investment promises stable returns and long-term growth in a rapidly expanding sector. Moreover, Broome County's recent investments in battery technology, including $113 million Federal award for domestic manufacturing and over $100 million in federal funding for production and training facilities, underscore the region's promising economic trajectory. Nearby redevelopment projects, such as the former BAE Systems site in Johnson City, further enhance the area's appeal and potential for investors. Joining this burgeoning sector is bolstered by the accolades of Binghamton University's own Stanley Whittingham, a Nobel laureate, recognized for advancing solar energy and lithium battery storage technologies. His recent $3 million VinFuture Award highlights the region's leadership in sustainable innovation, making it a compelling choice for forward-thinking investors. Demand for commercial space, housing, or services in such locations often translates into stable income or property appreciation over time. In conclusion, this investment opportunity stands out due to its strategic location, size, frontage, and accessibility. These factors contribute to its great profitable potential, making it an attractive proposition for investors looking to capitalize on the growth and development opportunities in the area. This investment opportunity is quite unique and promising, especially given its prime location next to Binghamton University Health Science Campus in the Village of Johnson City, NY. Here’s a breakdown of its potential: Location: Being situated next to BU's Health Science Campus is a significant advantage. This proximity can attract potential tenants or buyers interested in housing or services catering to university staff, students, or affiliated personnel. Size and Frontage: The property's approximately 1 acre size and 186 feet of frontage on Main St provide ample space and visibility. This is crucial for commercial or mixed-use development, offering opportunities for retail, office space, or potentially residential units depending on zoning regulations. Accessibility: With 3 curb cuts, the property offers excellent accessibility, which is advantageous for any business or development aiming to attract traffic from Main St and enhance convenience for customers or residents. Profitability Potential: Given its location near a university campus and in a developed area like the Village of Johnson City, there is strong potential for profitability. Demand for commercial space, housing, or services in such locations often translates into stable rental income or property appreciation over time. Besides housing, check out some additional potential uses for this investment opportunity near Binghamton University Health Science Campus in Johnson City, NY: SUMMARY: Location Advantage: Proximity to Binghamton University's Health Science Campus and its potential economic impact. Investment Potential: Clear opportunities for commercial or mixed-use development, driven by local demand and development initiatives . Sector Growth: Emerging leadership in lithium-ion battery production and related industries, supported by significant investments and accolades. FEATURES: ~.96 Acre Main building ~17,160 SF. 1st Floor ~ 5,720 SF 2nd floor has a 1,372 SF Great Room w/service elevator to 1st Flr. 2nd floor - 3 bd/1 bath apt. 3rd floor- 3 bd/1 bath apt. Lower Level - Two offices, break room, storage room,workshop Built c.1900 - retains much of the original beautiful wood detailing Two detached garages - one with 5 stalls, the other with 2 stalls 4 car attached garage Central Air Gas Hot Water Heat Security System Drone video: https://www.dropbox.com/scl/fi/pk786rd55l9p7daz0bhlj/150MainJohnsonCityNY.mp4?rlkey=oe4ezvbqhjnyjv69qqttjm9g8&dl=0

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

UMF

APN/PARCEL ID

034603-143-066-0002-001-000-0000,034603-143-066-0002-002-000-0000,034603-143-066-0002-003-000-0000,034603-143-066-0002-004-000-0000

ASK ABOUT THIS PROPERTY

Linda KentLinda Kent Real Estate, LLCMore Info
607-725-7219

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Linda KentLinda Kent Real Estate, LLCMore Info
607-725-7219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.