346 Clinton St, Binghamton, NY for sale

Investment Overview

Offered for sale is a brick mixed-use investment property located along Clinton Street near the signalized intersection of Glenwood Avenue in Binghamton. The asset consists of three residential apartments and one ground-floor commercial space, providing diversified income across both residential and retail tenancy. The property is positioned in a high-visibility location with strong traffic flow, benefiting from approximately 9,500 vehicles per day on Clinton Street and over 7,500 vehicles per day on Glenwood Avenue. Immediate access to Interstate 86 and surrounding arterial routes supports both tenant accessibility and long-term leasing stability. Constructed of durable brick, the building offers a straightforward operating profile with in-place income and a balanced unit mix. The combination of location, exposure, and mixed-use functionality positions the asset well for continued performance. Priced to reflect a 10% cap rate, this offering presents a compelling opportunity for investors seeking stable cash flow with strong visibility and long-term positioning.

Investment Highlights

• Mixed-use building with 3 residential units and 1 ground-floor commercial space
• High-visibility location at 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
• Direct access to Interstate 86 supporting regional connectivity and tenant accessibility
• Durable brick construction with a straightforward operating profile
• Diversified income stream across residential and commercial tenancy
• Priced to achieve a 10% cap rate with in-place cash flow