220 Franklin St Elmira, NY 14904
This remarkable 8,000+ square foot building at 220 Franklin Street in Elmira, NY, presents a unique investment opportunity. Originally constructed in the late 1800s as St. Mary's Convent, this historically significant property has served various purposes, most recently as the headquarters for Glove House of Elmira. The building is in excellent condition and offers significant potential for a variety of uses. The first floor encompasses 3,975 square feet and features nine separate office/meeting rooms, three bathrooms, and an eat-in kitchen. The largest meeting room measures an impressive 22.7 x 47.6 feet. The second floor, totaling 4,091 square feet, provides 21 individual office/room spaces and three additional bathrooms. The property also includes a full basement, offering ample storage space. With its substantial size, versatile layout, and prime Elmira location, this property is ideally suited for immediate rental income generation through office space and storage rentals. The competitively priced offering makes this a compelling investment prospect for those seeking a substantial and historically significant property with high earning potential. Don't miss this chance to acquire a piece of Elmira's history and capitalize on its future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.