Mixed-Use Property with
New
For Sale
$245,000
1105 Walnut Street, Elmira, NY 14905
CommercialSale, Elmira, NY
Property Size2,559 SF
Lot Size0.25 Acres
Price / SF$95.74
Days on Market5
Property Features for 1105 Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HA
Zoning description
Commercial
Rooms
Basement
Parking
10
Lot features
Irregular Lot
Elementary school district
Elmira
Middle school district
Elmira
High school district
Elmira
Subdivision
Elmira-City-070400
Standard status
Active
APN
070400-089-009-0002-023-000-0000
Size
2,559 SF
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Property Use
Office
Condition
Turnkey
Taxes and HOA fees
Tax Annual Amount
5584
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
2
Number of units
1
Flooring type
Linoleum, Vinyl
Building materials
Frame
Roof type
Shingle
Buildings
1
Listing Agency:
Signature Properties
(607) 796-9817
Listed By:
Victoria Simmons · License #10401376567
(607) 481-3174
Added: Nov 1
Last Checked: Nov 5 at 2:06AM
MLS# R1726370
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.
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Investment Insights
Based on property information with market context.
This 2,559-square-foot mixed-use property pairs a salon with an upstairs apartment. The salon is equipped with its business equipment and supplies, while the apartment is occupied by a tenant. The two spaces have separate entrances and utilities. The building was constructed in 1955 and has central air conditioning, natural gas heating, public water, and public sewer. HA zoning applies.
The property occupies a 0.2502-acre lot at 1105 Walnut Street in Elmira, near Arnot Ogden Medical Center. Ten on-site parking spaces and a newly installed driveway serve the property.
The property occupies a 0.2502-acre lot at 1105 Walnut Street in Elmira, near Arnot Ogden Medical Center. Ten on-site parking spaces and a newly installed driveway serve the property.
Key Highlights
- 2,559‑square‑foot mixed‑use property on a 0.2502‑acre lot
- Salon space with equipment and supplies, plus an upstairs apartment
- Separate entrances and utilities for the two spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,958
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,160
$419.2K
Cap Rate 7%
$299,400
$299.4K
Cap Rate 9%
$232,867
$232.9K
Market Conditions
NOI Build-Up for 2,559 SF
Gross rent
$36.8K $14.40/SF
− Vacancy
−$3.3K −$1.30/SF
EGI
$33.5K $13.10/SF
− OpEx
−$12.6K −$4.91/SF
NOI
$21.0K $8.19/SF
Area
Chemung County, NY
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,160
Cap Rate 7%
$299,400
Cap Rate 9%
$232,867
Alternative Uses
Best Use
Mixed Use
$299.4K
$262.0K – $349.3K
NOI $20,958 @ 7.0% cap · market cap 8.55%
Second Best
Retail
$282.5K
$247.2K – $329.6K
NOI $19,776 @ 7.0% cap · market cap 8.07%
Theoretical Best
Multifamily LT 5
$23.29M
$20.38M – $27.18M
NOI $1,630,628 @ 7.0% cap · market cap 665.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
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Business Placement
Demographics for 14905, NY
8,645
Population
4,303
Households
2
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
2,336
Density / Sq Mi
$85,888
Median Household Income
$44,209
Median Earnings
$1,112
Median Rent
$169,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A salon and separate upstairs apartment provide distinct commercial and residential spaces, each with its own entrance and utilities.
Where is this mixed-use property located?
The property is located at 1105 Walnut Street Elmira, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,559‑square‑foot mixed‑use property on a 0.2502‑acre lot; Salon space with equipment and supplies, plus an upstairs apartment; Separate entrances and utilities for the two spaces
