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Updated Office Suite with Private Offices
For Sale
$109,900

108 Lake Street, Elmira, NY 14901

SINGLE_FAMILY - Elmira, NY

Property Size4,378 SF
Lot Size0.05 Acres
Price / SF$25.10
Days on Market94

Property Features for 108 Lake Street

General Information

Property type Residential
Property subtype Office
Zoning 481
Zoning description Commercial
Rooms Basement
Lot features Irregular Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Directions W Water St to Lake St
Subdivision Elmira-City-070400
Standard status Active
APN 070400-089-019-0007-030-000-0000
Size 4,378 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Annual Amount 3441

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1964
Floors in Building 1
Flooring type Vinyl, Linoleum
Roof type Asphalt
Listing Agency: Signature Properties
Listed By: Julie M. (Jules) Costello · License #10401282603
Added: May 5 Changed: Aug 4 Last Checked: Aug 6 at 3:06AM
MLS# R1678186

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This updated office suite offers a versatile interior with eight private offices, or seven with an added conference room, along with a kitchenette and dual bathrooms. A main-area wall can be removed for an easier path to a more open configuration, while tall ceilings and a spacious floor plan support a comfortable work environment. The property also includes modern finishes and plenty of natural light. A full basement provides additional storage and may support future expansion ideas.

Located at 108 Lake Street in Elmira’s commercial district, the building is positioned for strong street presence and easy access. The property sits on a small site with commercial zoning identified as 481.

For professional users who need dedicated rooms alongside collaboration space, the current layout supports day-to-day operations without requiring immediate build-out. The option to reconfigure the main area can also help tenants tailor the space to their workflow. For buyers considering flexible purchase structures, the seller indicates openness to owner financing with specified terms, including a 36-month schedule, 20–25% down, a 7% interest rate, and a balloon payment at maturity.

Key Highlights

  • Prime commercial space in the heart of the Elmira Commercial District with excellent visibility and street presence.
  • Move‑in‑ready condition with modern updates, finishes, and plenty of natural light.
  • Versatile layout with eight private offices (or 7 with conference room), kitchenette, and dual bathrooms; main area wall is removable for open space.

Property Analytics

Current Use

Twin Tier Mortgage Loan Service

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Storage Facility HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Office units

Location Intelligence

Trade Area within ½ mile

1,271
Businesses Nearby

Demographics for 14901, NY

14,893
Population
6,739
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
80%
High-School Grad
33.2 sq mi
ZIP Area
449
Density / Sq Mi
$40,524
Median Household Income
$28,369
Median Earnings
$835
Median Rent
$90,300
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Move-in-ready office space with private offices, kitchenette, and dual bathrooms, plus a flexible layout and full basement storage.
Where is this office units located?
The property is located at 108 Lake Street Elmira, NY.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Prime commercial space in the heart of the Elmira Commercial District with excellent visibility and street presence.; Move‑in‑ready condition with modern updates, finishes, and plenty of natural light.; Versatile layout with eight private offices (or 7 with conference room), kitchenette, and dual bathrooms; main area wall is removable for open space.
More about this property
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