299.5 Clinton Street
- Two-building mixed-use investment with 4 residential units and 1 commercial space
- Pre-approval in place for an additional one-bedroom unit, creating immediate upside
- Located two blocks from the Glenwood Avenue interchange with strong accessibility
- High-visibility corridor with approximately 9,500 vehicles per day on Clinton Street
- Diversified income stream with both residential and commercial tenancy
- In-place cash flow with potential to increase revenue through added unit
- Positioned within a proven Binghamton submarket supporting long-term occupancy
Property Description
Offered for sale is an 8-bed, 5-bath, two-building mixed-use investment opportunity located along Clinton Street in Binghamton, just two blocks from the Glenwood Avenue interchange. The property is currently configured with four residential units and one commercial space, generating $47,100/year in gross income and providing a balanced income stream in a well-trafficked and accessible location. The asset offers immediate upside through pre-approval for an additional one-bedroom unit on the ground floor, allowing a new owner to increase density and revenue without navigating the entitlement process. Positioned along a highly visible corridor, the property benefits from approximately 9,500 vehicles per day on Clinton Street and over 7,500 vehicles per day on Glenwood Avenue, supporting both residential demand and commercial exposure. With in-place income, expansion potential, and strong underlying location fundamentals, the property presents a clear value-add opportunity. The combination of multiple buildings, mixed-use configuration, and additional unit potential positions this offering for both stable cash flow and future income growth within one of Binghamton’s established commercial corridors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $298,500 |
| No. of Units: | 5 |
| Lot Size: | 0.23 Acres |
| Opportunity Zone: | No |
| Price per unit: | $59,700 |
| Property Website | Click Here |
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