COMMERCIAL REAL ESTATE AUCTION

LOCATION – LOCATION – LOCATION

Former Spot Restaurant Properties  

Binghamton, NY

Friday, March 15, 2024      3:00 pm

Auction To Be Held At The Restaurant At 1062 Front Street, Binghamton, NY 13905

Beautiful Former Restaurant Commercial Property On 2.2 Acres!!

Plus – Single Family Home On Lot In Good Location

Properties Will Be Offered Separately And Together Whichever Is Greater!

Auction Parcel 1 - Large Former Greek Restaurant Property On 2.2 +/- Acres, With Great Exposure On Busy Front Street, Binghamton. Has Over 250 Ft. Of Road Frontage On Front Street, And 300+  Ft. Of Road Frontage On Prescott Road, Town Of Chenango. Parcel Is All Paved And Has Parking For Well Over 100 Vehicles. Parcel Also Has A Lease For A Tesla Vehicle Charging Station. This Property Is On One Of The Highest Traveled Roads In Broome County. There Is Unlimited Possibilities For This Property, The Ideas Are Unlimited. Come Take A Look!!

Building Is Built Like A Fortress. It Was A 4-Section Diner Modular Unit, With All Steel Frame On Full Concrete Foundation w/Large Concrete Pillars/Supports.  Building Still Has Large Amount Of Restaurant Equipment And Several Seating Booths Remaining. Building Is Approx. 5000 Sq. Ft., On Restaurant Floor And Approx.  5000 Sq. Ft. In Basement, Which Is Dry And Was Used For Storage And A Bakery Area. Parcel Has 282’ +/- Ft. Of Road Frontage on Upper Front Street (US Rt. 11) And 361’ +/-  Ft. Of Road Frontage On Prescott Road Section Next To Car Wash, And Has 294’ +/- Ft. Of Road Frontage On Rear Section Of Prescott Road. Auction Parcel 1 Includes: 7 Tax Parcels, All In Town Of Chenango Including: Map # 128.08-2-28 = 1070 Upper Front Street, .72 Acres; Map # 128.08-2-29 =  39 Prescott Road, .18 Acres; Map # 120.08-2-30 =  27 Prescott Road, .18 Acres; Map# 128.08-2-31 = 35 Prescott Road, .21 Acres;  Map # 128.08-2-32 = 33 Prescott Road, .21 Acres;  Map # 128.08-2-33 = 31 Prescott Road, .17 Acres; Map # 128.08-2-34 = 29 Prescott Road, .17 Acres; Map # 128.07-4-21, 1064 Upper Front Street  = .20 Acres; Map # 128.07-4-22 = 1062 Upper Front Street, .17 Acres. The Above 7 Parcels Total 2.2 Acres, Walk-In Coolers, Seating Booths, Etc. Auction Parcel 2 – Consists Of 7 Tax Map Parcels Totaling 2.2 +/- Acres. Parcel Has 282’ +/- Ft. Of Road Frontage On Front Street (Rt. 11). Also Has 361’  +/-  Ft.

 

 

Auction Parcel 2 - Single Story, Single Family Home Located @ 27 Prescott Road, Stucco Sided, Sgl. Sty. Home, With Detached Garage In Rear. Home Is Occupied, Livable. Needs Work On Kitchen. Parcel Sells With Neighboring Parcel To South Side.

Home Is Very Solid And In A Good Location.

Auction Parcel 2: 

Consists Of 2 Tax Parcels Totaling .30 Acres And Are Approx. 90’ Ft. Of Road Frontage On Prescott Road,  Lots Are 150’ Deep. The Tax Parcels Are Map# 128.08-2-35 (House Parcel) 27 Prescott Road, .15 Acres; Map # 128.08-2-36, 25 Prescott Road .15 acres.

 

Parcels Will Be Offered Singularly And In Combinations, Whichever Is Greater!

 

Parcels Will Be Sold As-IS, Where-IS, How-IS. No Contingencies Of Any Kind. If Any Tests Are Wanted Or Needed, They Must Be Done Prior To Auction At Buyers Expense. Sale Is Subject To NO Contingencies.

 

Open Houses On Property: Friday, March 8, 4:00 pm – 5:30 pm. Or Sunday, March 10, 2:00 pm - 3:30 pm.  Or Day Of Auction From 1:30 pm Till Auction Time.

 

Terms On Real Estate: 10% Buyers Premium Charged On Final Bid, On Each Parcel. Buyers Premium Is Added To Final Bid Price. Total Becomes The Purchase Price. 15% Down Payment Of Total Purchase Price Due Day Of Auction By Cash Or Good Check. Deposit Will Be Held In Auctioneers/Brokers Escrow Account. Balance Due At Closing In Approx. 30-45 Days – Properties Will Be Sold As-IS, With No Contingencies. Be Prepared!! Properties Will Be Sold Subject To Very Realistic & Reasonable Owners Confirmation Of High Bid. 

 

Broker Participation Invited - Call Our Office For Info. Brokers Will Need To Have Their Clients Registered With Us 10 Days Before Auction.

PARCEL 1

 

 

 

PARCEL 2

                                                                                        

     Mel Manasse & Son

Auctioneers & Real Estate Brokers

   Whitney Point, NY  13862

                                                            (607) 692-4540 / 1-800-MANASSE                                                        

             www.manasseauctions.com        

In Our 59th Year Conducting All Types Of Auctions!!

 

 

Auctioneers & Licensed Real Estate Brokers
 Whitney Point, N.Y. 13862
607-692-4540 / 1-800-MANASSE
 www.manasseauctions.com
In Our 59th Year In Business Conducting All Types Of Auctions!!