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Single Office Unit
For Lease
$1,348/Mo

118 Lake St, Elmira, NY 14901

Office space within a Central Business District, with bikeable access and a car-dependent walkability profile.

Space SizeContact for details
Days on Market52

Property Features for 118 Lake St

General Information

Standard status Active

Additional Details

Space Use Office

Building Details

Year Built 1945
Listing Agency: Signature Properties
Listed By: Jeremy Drake · License #10401361665
Source: Skinnercnyrealty
Added: Aug 15 Changed: Oct 3 Last Checked: Oct 4 at 1:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Properties

Investment Insights

Based on property information with market context.

This offering consists of a single office unit in a commercial building constructed in 1945. The property is situated within Elmira’s Central Business District at 118 Lake St. Walk Score is 26, classified as Car-Dependent, while Bike Score is 53, classified as Bikeable.

Key Highlights

  • Single office unit available for lease
  • Located in Elmira’s Central Business District
  • Building constructed in 1945

Property Analytics

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Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Storage Facility Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.46 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,271
Businesses Nearby

Demographics for 14901, NY

14,893
Population
6,739
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
80%
High-School Grad
33.2 sq mi
ZIP Area
449
Density / Sq Mi
$40,524
Median Household Income
$28,369
Median Earnings
$835
Median Rent
$90,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Elmira, NY

$80.81 /SF/Yr
Avg Asking Price
$2.71–$297 /SF/Yr
Price Range
9,658 SF
Avg Space Size

This space is priced 88% below the average of $80.81 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office space within a Central Business District, with bikeable access and a car-dependent walkability profile.
Where is this office units located?
The property is located at 118 Lake St Elmira, NY.
What is the lease rate?
The lease rate is $1,348/Mo.
What are key features of this property?
This property features: Single office unit available for lease; Located in Elmira’s Central Business District; Building constructed in 1945
More about this property
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