263 Washington St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$699,999 USD
607-621-0439
263 Washington St, Binghamton, NY for Sale
$699,999 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

263 Washington St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • 8,877 SF mid-rise building. 26 units ideal for multifamily investment
  • Ready for renovation.
  • Prime commercial zoning for versatile use. Walking distance to all of Downtown Binghamton.
  • Significant value add opportunity.
  • Strategic addition to real estate portfolio. Proximity to amenities and transportation hubs

OVERVIEW

Property Description Introducing 263 Washington St, an excellent investment opportunity in the heart of Binghamton, NY. This 8,877 SF mid-rise property, constructed in 1960, offers 26 units in a prime commercial zone. Much of the framework has been completed and is ready for restoration. The building is ideally positioned in the heart of Downtown Binghamton and walking distance to many of Binghamton's Restaurants, Bars and amenities. , making it a strategic addition to any real estate portfolio. Don't miss out on this significant value add opportunity in a prime location. Location Description Discover the vibrant Binghamton MSA market where the property is located. Situated in the heart of Binghamton, NY, this area boasts a thriving commercial landscape with proximity to notable landmarks such as the Binghamton University and NYSEG Stadium. Investors will appreciate the area's strong potential for growth and development, as well as its diverse array of local amenities, trendy dining options, and cultural hotspots. This is an ideal location to benefit from the thriving Downtown Binghamton Student Housing Market.

FOR SALE DETAILS

PRICE

$699,999 USD

PRICE/SF

$79 USD /SF

# OF UNITS

26

PRICE/UNIT

$26,923

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,148 SF

ZONING

C

APN/PARCEL ID

030200-160-033-0001-004-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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