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    161 Prescott Ave Elmira, NY 14903

    For Lease
    $3,500 /Mo ($11 SF/Yr)

    COMMERCIAL - Elmira, NY

    Property size:
    3,670 SF
    Days on Market:
    75
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 161 Prescott Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    APN
    079.006-0002-002.01200
    Parking
    10
    Accessibility
    Accessible Approach with Ramp
    Size
    3,670 SF

    Utilities

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

    Building Details

    Year built
    1945
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Flat, Membrane, Rubber

    Keller Williams Realty Southern Tier & Finger Lakes (607) 795-2900 [email protected]

    Listing agent Melissa Bauco (607) 795-2900 License #10401347921

    Listing date Sep 30, 2025

    Copyright © 2025 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.

    Overview

    Turnkey Restaurant Space in Elmira

    This 3,670 square foot commercial space, formerly a Papa John's restaurant, is located in the historic Ward LaFrance building in Elmira, NY. The space features a large and clean kitchen area with ample prep space, triple sinks with automatic soap and disinfectant dispensers, and multiple hand wash stations. It includes Middleby Marshall dual pizza ovens with an overhead hood and an enormous walk-in cooler with two entrances. The dining area accommodates 45 seats. There is a large lobby with two bathrooms, water fountains, and a wet utility closet. Ample parking is available. The property is suitable for a pizzeria, restaurant, catering facility, or culinary teaching space. It is located close to other businesses and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life Line Drug ... Rehabilitation Center

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.81955
    Latitude
    42.12643

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    FAQs

    What type of property is this?
    Restaurant - 3,670 SF commercial space with fully equipped kitchen.
    Where is this restaurant located?
    The property is located at 161 Prescott Ave Elmira, NY.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey restaurant/pizzeria/catering facility opportunity.; - Large, clean, and well-equipped commercial kitchen with ample prep space, triple sinks, and multiple hand wash stations.; - Includes **Middleby Marshall dual pizza ovens with overhead hood and enormous walk-in cooler.**
    (607) 795-2900
    Request Owner's contact information
    161 Prescott Ave Elmira, NY 14903
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    Elmira, NY 14903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    161 Prescott Ave Elmira, NY 14903
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