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1272 Upper Front St
Binghamton, NY 13901

$2,347,000 USD

General Retail For Sale  •  16,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 16,500 SF
  • Lot Size 2.13 AC
  • Building Class B
  • Year Built 1975
  • Cap Rate 7.00 %
  • Tenancy Single
30 Transit Score
40 Walk Score

Highlights

LONG-TERM CORPORATE LEASE: Harbor Freight Tools recently executed a 12-year lease with a commencement date of December 1, 2025
RECENT 2025 RENOVATION: The property underwent a comprehensive a complete interior and exterior transformation to suit Harbor Freight’s prototype
INFLATION-HEDGE RENT GROWTH: The lease features a 8% rent increase scheduled for 12/1/2031, followed by 10% increase during the first option
PASSIVE LEASE STRUCTURE: The tenant is responsible for reimbursing the landlord for taxes and insurance. Additionally, the tenant maintains interior
HIGH-TRAFFIC CORRIDOR: Situated on Upper Front Street with exposure to over 22,000 vehicles per day (VPD), positioned between I-81 on/off ramps
PROXIMITY TO REGIONAL RETAIL: Located 10 minutes from Oakdale Commons, a nearly 1 million-SF superregional shopping destination anchored by BJ’s &more

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Harbor Freight Tools
Nasco Home

Public Transportation

AirportDriveWalkDistance
Ithaca Tompkins International 68 min - 49.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Darpan Patel 513-325-8682 Marcus & Millichap
Darpan Patel 513-325-8682 Marcus & Millichap