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    406 W Washington Ave Elmira, NY 14901

    Pending
    For Sale
    $250,000

    COMMERCIAL - Elmira, NY

    Property size:
    2,438 SF
    Lot size:
    0.07 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 406 W Washington Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    Commercial
    Rooms
    Basement
    APN
    89.10-3-22
    Size
    2,438 SF
    Lot size
    0.07 Acres

    Utilities

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

    Building Details

    Year built
    1955
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block
    Roof type
    Rubber, Membrane, Flat

    RealtyUSA.com (607) 287-8439 [email protected]

    Listing agent Arthur D. Ambrose (607) 733-2700 License #30AM1081022

    Listing date Aug 27, 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

    Established Bar/Tavern Business Opportunity

    This established bar/tavern, offered for the first time in over 53 years, presents a turn-key business opportunity. The property is well-maintained and fully equipped, with all equipment in good condition and operating properly. The sale includes the building, land, business, and fixtures. A satellite TV system, eight televisions, a walk-in cooler, a recyclable section, extra storage, a recycling area, and an outside smoking and sitting area are also included. The back room features multiple vending games, including dart games, a jukebox, a pinball machine, and a foosball table, generating additional income, as well as an ATM. The property is located half a block from Elmira College and close to LECOM Medical School, ensuring a steady flow of potential customers. The property is zoned commercial and the lot size is 0.073 acres. The building size is 2438 square feet. This profitable operation is available at a reasonable price, with the owner willing to assist the buyer with the transition into ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Branch Office Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    The Playground, Roundin Third, Brady's Pub, Patrick's, Rye

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.804135
    Latitude
    42.101849

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    FAQs

    What type of property is this?
    Bar - Turn-key bar/tavern near Elmira College with loyal customer base.
    Where is this bar located?
    The property is located at 406 W Washington Ave Elmira, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Profitable, turn-key bar/tavern business with a loyal customer base.; - Includes building, land, equipment, business, and fixtures.; - Prime location: Just 1/2 block from Elmira College and close to LECOM Medical School.
    (607) 733-2700
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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
    406 W Washington Ave Elmira, NY 14901
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