29-31 Court St

Highlights:

• Two-building mixed-use portfolio totaling 15,356 SF
• 100% occupied with diversified income from retail and residential units
• Located along Court Street, Downtown Binghamton’s primary retail and nightlife corridor
• Residential units positioned for student housing with consistent demand drivers
• In-place rents below market with measurable upside
• Long-term retail tenancy providing stability and visibility
• Walkable location with direct access to dining, entertainment, and public transit
• Basis of $76/SF, below replacement cost for downtown product

Description:

This offering presents the opportunity to acquire two adjacent mixed-use buildings at 29 and 31 Court Street, positioned within one of Downtown Binghamton’s most active retail and nightlife corridors.

The portfolio combines street-level retail with student housing above, creating a diversified income stream supported by consistent pedestrian traffic, strong tenant demand, and proximity to Binghamton University’s downtown presence.

Located just steps from the intersection of Court Street and Water Street, the properties sit within a concentrated cluster of restaurants, bars, and service-oriented businesses that drive daily foot traffic and sustained leasing demand.

The residential units are fully occupied and cater directly to the student rental market, while the retail component provides stable, long-term tenancy along a highly visible commercial strip.

This is a control position across two buildings in a supply-constrained downtown corridor, offering investors both in-place cash flow and the ability to increase rents to market levels over time.

29 & 31 Court Street are located along one of Downtown Binghamton’s most active commercial corridors, just steps from the intersection of Court Street and Water Street. This stretch of downtown serves as a central hub for restaurants, bars, and retail, generating consistent pedestrian traffic throughout the day and into the evening.

The properties benefit from strong visibility with approximately 13,600 vehicles passing daily and a Walk Score of 90, supporting both residential leasing demand and retail performance. The surrounding area includes a dense concentration of student housing, with an estimated 1,300 beds within close proximity, creating a reliable tenant base and sustained demand for nearby services.

Positioned within walking distance to Binghamton University’s downtown presence, Government Plaza, and the city’s primary entertainment destinations, the location supports long-term stability driven by student activity, employment centers, and continued downtown investment.

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