348 Clinton St

Description:

 

The property benefits from immediate access to Interstate 86, allowing for efficient regional connectivity throughout the Southern Tier. Clinton Street is lined with a mix of local businesses, service providers, and residential housing, creating a consistent tenant base and reliable demand for both commercial and residential space.

With traffic counts approaching 10,000 vehicles per day on Clinton Street and over 7,500 on Glenwood Avenue, the location provides strong exposure for commercial users while maintaining convenience for residential tenants. The surrounding area continues to support a blend of workforce housing and neighborhood retail, reinforcing long-term stability and occupancy.


348 Clinton Street is located along one of Binghamton’s primary commercial corridors, just off the signalized intersection of Clinton Street and Glenwood Avenue. This stretch serves as a key connector between the City’s North Side, Downtown, and surrounding residential neighborhoods, supporting steady traffic flow and daily activity.



5-unit mixed-use property with 2 commercial spaces and 3 residential apartments
High-visibility location near the intersection of Clinton Street and Glenwood Avenue
Strong traffic counts with approximately 9,500 vehicles per day on Clinton Street and 7,500 on Glenwood Avenue
Immediate access to Interstate 86 supporting regional connectivity
Durable brick construction with recent updates completed
Diversified income stream across retail and residential tenancy
Priced to achieve an 11% cap rate with in-place cash flow

Documents: