29-31 Court St
High-Traffic Retail & Student Housing in Binghamton’s Best Location
Marketing description
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.
Investment highlights
Two-building mixed-use portfolio totaling 15,356 SF
100% occupied with diversified income from retail and residential units
Located along Court Street, Downtown Binghamton’s primary retail and nightlife corridor
Residential units positioned for student housing with consistent demand drivers
In-place rents below market with measurable upside
Long-term retail tenancy providing stability and visibility
Walkable location with direct access to dining, entertainment, and public transit
Basis of $76/SF, below replacement cost for downtown product
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