Colonial Plaza
30 W State St
Binghamton, NY 13901
Highlights
- Excellent value add potential.
- Excellent central location.
- Minutes from major Highway interchanges.
- 4 buildings totaling 69,704 SF+-.
- Huge value add opportunity.
- In a Federal Opportunity Zone.
Description
Offered for sale is this Office and Retail complex In Binghamton, NY. This complex offers a tremendous value add opportunity and is located in a Federal opportunity zone. This complex is 4 buildings totaling 69,704 SF+- on 2.85 Acres in a developing section of Binghamton, NY. This is an excellent central location at the intersection of W. State St and State St in Binghamton. This is directly across from the Binghamton Plaza, Next to a new development with housing and a Grocery store. Easy access from Chenango St. This location is less than a minute from Downtown Binghamton and minutes from the I86, I81 and I88 interchange. This is being offered at a 10.41% CAP rate based on current financials and a pro forma CAP rate of 19.34%.
This is an excellent central location at the intersection of W. State St and State St in Binghamton. This is directly across from the Binghamton Plaza, Next to a new development with housing and a Grocery store. Easy access from Chenango St. Less than a minute from Downtown Binghamton and minutes from the I86, I81 and I88 interchange. This is in a Federal Opportunity Zone.
