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    500 S Main St Elmira, NY 14904

    For Sale
    $450,000

    COMMERCIAL - Elmira, NY

    Property size:
    8,761 SF
    Lot size:
    0.24 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 500 S Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    BA
    Rooms
    Basement
    APN
    070400-099-011-0010-015-001-0000
    Parking
    10
    Parking features
    Offsite
    Size
    8,761 SF
    Lot size
    0.24 Acres

    Utilities

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

    Building Details

    Year built
    1912
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Carpet
    Building materials
    Frame, Masonry, WoodSiding
    Roof type
    Metal

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

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

    Listing date Nov 18, 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

    Elmira Restaurant Opportunity

    This property presents an opportunity to own a piece of Elmira and Finger Lakes history with the sale of the famous "Bernie Murray's Restaurant." The property features a completely remodeled restaurant and kitchen from 2015. The restaurant includes two dining rooms, a full bar set up with stools, dining booths, a service bar, outside patio seating for summer dining, and handicap restrooms. The total seating capacity is approximately 300. This is an ongoing, fully operational business offered to facilitate the owner's retirement. The sale includes the building, land, business, furniture, all kitchen equipment, fixtures, and inventory. Also included is a 64' x 120' vacant lot, which adjoins the restaurant, for additional parking, located at 505 Pennsylvania Avenue. The lot size is 0.2389 acres. The property size is 8761 square feet. This business is operating as usual and will continue to be open until a new buyer takes over. This is a great opportunity for those who want to own their own business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bernie Murray's American Restaurant

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.802758
    Latitude
    42.077175

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    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant for sale with equipment and additional lot.
    Where is this restaurant located?
    The property is located at 500 S Main St Elmira, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Fully operational restaurant (Bernie Murray's) with established history.; - Includes building, land, business, furniture, kitchen equipment, fixtures, and inventory.; - High seating capacity: approximately 300, including dining rooms, bar, booths, and outdoor patio.
    (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
    500 S Main St Elmira, NY 14904
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