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32644290
32644275

346 Clinton St, Binghamton, NY 13905

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
CL
NY 10401324866
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$299,000
35 days on market
Updated 20 days ago
Opportunity zone

346 Clinton St

Details
Property Type Retail, Mixed Use
Sub Type Street Retail
Square Footage 4,442
Units 4
Cap Rate 10.00%
Tenancy Multi
Class C
Year Built 1960
Acreage 0.090
Investment Type Core+

346 Clinton St, Binghamton, NY 13905

Marketing description

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.

346 Clinton Street is situated along one of Binghamton’s primary commercial corridors, near the signalized intersection of Clinton Street and Glenwood Avenue. This location provides strong visibility and consistent traffic flow, serving as a key connection point between the City’s North Side, Downtown, and surrounding residential neighborhoods.

The property benefits from immediate access to Interstate 86, allowing for efficient regional connectivity throughout the Southern Tier. Clinton Street supports a mix of retail, service businesses, and residential housing, creating steady activity and a reliable tenant base.

With daily traffic counts approaching 9,500 vehicles on Clinton Street and over 7,500 on Glenwood Avenue, the area offers strong exposure for commercial use while maintaining accessibility for residential tenants. The surrounding neighborhood continues to support a blend of local businesses and workforce housing, reinforcing long-term demand fundamentals.

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

Listing Contacts

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
CL
NY 10401324866
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

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Additional Information

Name
Scott Warren
License
NY 10301220936
Brokerage
Innovative Commercial Advisors
Title
Real Estate Broker
Name
Coty Lunn
License
10401324866
Brokerage
SVN Innovative Commercial Advisors
Title
Commercial Real Estate Salesperson
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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