46 Riverside Drive

46 Riverside Dr Binghamton, NY 13905

46 Riverside Dr, Binghamton, NY, 13905
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$365,000
Last Verified:
Nov 07, 2024

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Highlights

  • Prime location on Riverside Drive, a short walk from Downtown Binghamton and Confluence Park, with 12,560 average daily traffic.
  • Fully leased with nine offices, an apartment, and a three-level garage, ensuring stable income.
  • Central air conditioning for year-round tenant comfort.
  • Long-term tenants secured under multi-year leases for reliable revenue.

Description

Discover a lucrative investment opportunity with this fully leased, turnkey office building on Riverside Drive in Binghamton, NY. Strategically positioned with an impressive average daily traffic count of 12,560, this property is just a short walk from the vibrant Downtown Binghamton and the scenic Confluence Park.

This standout property features nine well-appointed offices, a charming apartment, and a spacious three-level garage with abundant storage. With central air conditioning for year-round comfort and all office tenants secured under multi-year leases, you can enjoy peace of mind and a stable income stream from day one.

Situated in a prime location on Binghamton's West Side, this property is directly on Riverside Drive and within walking distance to the Memorial Bridge, providing easy access to Downtown Binghamton. The area experiences an impressive average daily traffic count of 12,560, ensuring excellent visibility and accessibility. Its close proximity to Downtown Binghamton and nearby amenities, including Confluence Park and scenic walking trails, makes this an ideal setting for any office tenant seeking a vibrant and convenient environment.


Year Built: 1980
Building Size: 3192sq ft
Building Class: A
Lot Size: 0.37 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 46 Riverside Dr, Binghamton, NY, 13905

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.