Investment Overview
71 Main Street is a 10,472 SF Colonial-style property offering strong visibility and walkability within Binghamton. Located near downtown and the Court Street Bridge, the property benefits from a walk score of 82 and daily traffic counts of approximately 17,127 vehicles. Recent zoning updates allow for a variety of uses including student housing, professional offices, boutique hospitality, or private event space. The building features original woodwork, five fireplaces, multiple bathrooms, and a flexible layout suited for adaptive reuse. Two existing residential units provide added income potential. The site also includes a detached brick carriage house, a four-car garage, and approximately 22 on-site parking spaces. Owner financing is available to qualified buyers at a below-market 4% interest rate with flexible terms and 20% down.
Investment Highlights
- Prime Main St location, walkable to Downtown Binghamton.
- Features rich woodwork, 5 fireplaces, and multiple bathrooms.
- Includes a 1-bed and 3-bed apartment, plus a detached carriage house.
- Zoned for Student Housing with great redevelopment potential.
- Owner financing at 4.75% with flexible terms and 20% down.