Lender-Driven Sale: Downtown Binghamton Mixed-Use Investment with Upside

Highlights:

• Downtown Location: 47,400 SF mixed-use property with 8 total units across four stories in the heart of Downtown Binghamton, offering strong visibility, foot traffic, and proximity to the Chenango and Susquehanna Rivers
• Diversified Income: Ground-floor retail anchored by Lost Dog Café, a high-traffic, locally renowned tenant (lease through March 2027), and fourth-floor leased to Motili, a nationally recognized proptech firm (lease through March 2032)
• Lease-Up Potential: Seven upper-floor office units with approx. ~27,000 SF delivered vacant, with rentable office space at $10/SF, offering significant lease-up upside
• Modernized Asset: Renovated in 2014 with with modern upgrades, preserving historic character
• Strategic Access: Excellent connectivity to US-11, NY-363, and I-81; surrounded by government offices, hotels, eateries, and educational institutions
• Flexible Use: Ideal repositioning or owner-user opportunity in a growing urban market

Description:

RI Marketplace Online Auction June 23-25, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2546/lender-driven-sale-downtown-binghamton-mixed-use-investment-with-upside?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=mixeduse_2546

SVN Stora Realty, in conjunction with RI Marketplace, is pleased to present a prime investment opportunity — this 47,400 SF mixed-use property with significant upside potential, located in the heart of Downtown Binghamton, Broome County, NY. Originally constructed in 1886 and renovated in 2014, the property sits on Water Street between Henry and East Clinton Streets, just steps from the Historic Lackawanna Train Station and riverfront areas. Downtown Binghamton serves as the city’s primary business and administrative district, home to government offices, restaurants, retail shops, hotels, and academic institutions—ensuring strong foot traffic and visibility.

Ralph Passono, Jr.
c/o Fisher Auction Company Inc.
License: 1
NY Broker No.:10311203946

Documents: