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Build-to-Suit Office Unit
New
For Lease
$1,348/Mo

118 Lake Street, Elmira, NY 14901

COMMERCIAL - Elmira, NY

Space SizeContact for details
Lot Size0.28 Acres
Days on Market7

Property Features for 118 Lake Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning CBD - Com
Zoning description Commercial
Lot features Flag Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Directions Elmira: Corner of Lake St and Carroll St.
Subdivision Elmira-City-070400
Standard status Active
APN 070400-089-019-0007-035-000-0000
Size 1,661 SF
Lot size 0.28 Acres

Taxes and HOA fees

Tax Annual Amount 7274

Utilities

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

Building Details

Year built 1945
Floors in Building 3
Number of units 1
Building materials Brick
Roof type Membrane, Rolled Hot Mop, Rubber
Listing Agency: Signature Properties
Listed By: Jeremy Drake · License #10401361665
Added: Aug 14 Changed: Aug 17 Last Checked: Aug 20 at 2:06AM
MLS# R1707170

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.

Investment Insights

Based on property information with market context.

This 1,661-square-foot office unit is offered for lease within a brick building constructed in 1945. The owner will build out the space to suit the occupant’s needs, with plans for a fully renovated interior. The property is served by forced-air, natural-gas heating and has a membrane, rolled hot mop, and rubber roof system.

Located in Elmira’s Central Business District, the property has access to public water and public sewer. The site encompasses 0.2796 acres, providing a compact commercial setting for an office user seeking a customizable space.

Key Highlights

  • 1,661‑square‑foot office unit available for lease
  • Owner will build to suit for a fully renovated space
  • Located in Elmira’s Central Business District

Property Analytics

Current Use

Office Units

Suggested Use

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

Market

Lease Benchmarks for Elmira, NY

$110 /SF/Yr
Avg Asking Price
$2.19–$297 /SF/Yr
Price Range
13,215 SF
Avg Space Size

This space is priced 91% below the average of $110 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office unit in the Central Business District with owner-led build-to-suit renovation plans.
Where is this office units located?
The property is located at 118 Lake Street Elmira, NY.
What is the lease rate?
The lease rate is $1,348/Mo.
What are key features of this property?
This property features: 1,661‑square‑foot office unit available for lease; Owner will build to suit for a fully renovated space; Located in Elmira’s Central Business District
More about this property
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