29-31 Court St

29 Court St, Binghamton, NY 13901

Property Information

  • For Sale $1,100,000
  • Property Type Multi-Family
  • Property Size 15,356 SF
  • Units 5
  • Lot Size 0.06 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1910
  • Date Updated May 13, 2026

Description

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.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.

Highlights

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

Contacts

Scott Warren, CCIM

SVN | Innovative Commercial Advisors

Location

Contact Listing Broker
Scott Warren, CCIM

SVN | Innovative Commercial Advisors

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