Investors Purchased Commercial Site in Binghamton

Two Broome County men acquired the Conklin Avenue property for $1.1 million.

Updated on Oct. 13, 2026 in Commercial

Bold vector editorial illustration showing a modern commercial building facade, representing a recent commercial property acquisition in Binghamton. — Investors acquired the commercial property at 197 Conklin Avenue in Binghamton for $1.1 million, aiming to secure new retail tenants. AI Illustration. Upload story photo >

Live Poll

Do you welcome the potential opening of a national discount store in your local commercial spaces?

Two Broome County investors have purchased the commercial property at 197 Conklin Avenue in Binghamton for approximately $1.1 million. The new owners are currently working to secure a tenant for the space previously occupied by a Rite Aid.

Why it matters

The acquisition marks a transition for the site following the departure of the former pharmacy chain earlier this year. The owners are now negotiating with Dollar Tree to fill the vacant storefront while maintaining the property as a multi-tenant hub.

The property was acquired for $1.1 million by two investors from Broome County. It currently houses businesses including The Relief Pitcher, Colours Inc., Tioga State Bank, and Bob Carr Printing 2.0.

The players

Dollar Tree

This national discount retailer is currently in discussions to potentially lease the vacant space at the property.

The Relief Pitcher

This business is one of the existing tenants that currently occupies the commercial property.

Tioga State Bank

This financial institution is an established tenant operating out of the commercial site.

The details

Following the closure of the Rite Aid store, the new owners have invested in painting and electrical upgrades to the facility. The site remains active with existing businesses expected to continue their operations at the location.

July 2024: The Rite Aid store officially closed at the Conklin Avenue site.
Recent weeks: The new owners completed painting and electrical work throughout the property.

Culture Shift

The transition of this property reflects a broader trend of repurposing vacant retail space left by national chains. As commercial landscapes shift, local investors are increasingly stepping in to manage and rebrand former big-box pharmacy sites to maintain neighborhood stability.

Residents can expect the continued presence of existing local businesses like Tioga State Bank and The Relief Pitcher. The outcome of lease negotiations with new potential retailers will determine the future availability of shopping options at the Conklin Avenue site.

The takeaway

Maintaining occupancy in major commercial corridors is vital for supporting local businesses and tax revenue. Property owners often prioritize established tenants to ensure consistent foot traffic and stability for the neighboring retail ecosystem.