206-218 State Street
206-218 State Street, Binghamton, NYNY / Commercial Property
Property Features
Square Feet
31,812
Acreage
0.37
Access to Power
Municipal
Distance to Airport
10 Miles
Distance to Highway
1.5 Miles
Public Transportation
Yes
Water & Sewer
Yes
Nearby Businesses
State Street Arts District Studios and Restaurants, Berger's Ski Shop, Kilmer Building
Nearby Colleges
SUNY Broome, Binghamton University
Description
• Fully occupied commercial space and near fully leased student housing provide immediate in-place cash flow. • Includes 34 student housing beds in a downtown Binghamton location near major demand drivers. • Property amenities include an indoor basketball court, unfinished common area, and lower-level parking garage.
• Existing lease agreements extend through 2027, with several tenants committed through 2028. • Unfinished upper floor presents a value-add redevelopment opportunity for additional income-producing space. • Additional parking at 218 State Street and a separate Prospect Street residential entrance support flexible occupancy and operations.
• Existing lease agreements extend through 2027, with several tenants committed through 2028. • Unfinished upper floor presents a value-add redevelopment opportunity for additional income-producing space. • Additional parking at 218 State Street and a separate Prospect Street residential entrance support flexible occupancy and operations.