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    124 Elm St Penn Yan, NY 14527

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    For Lease
    $24 SF/Yr ($2,500 /Mo)

    Prime retail or office space in a high-traffic tourist location.

    Property size:
    1,250 SF
    Lot size:
    1.17 Acres

    Property Features for 124 Elm St

    General Information

    Size
    1,250 SF
    Lot size
    1.17 Acres

    Source: EXP Commercial Agent Michael Conroy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space in Penn Yan

    Located in Penn Yan, in the Finger Lakes region, this suite offers an opportunity for retail or office use. Penn Yan is experiencing economic growth due to its popularity as a tourist destination, driven by wineries, vineyards, and outdoor recreational activities along Keuka Lake. The area attracts thousands of visitors annually. The available suite is located in a high-traffic location that caters to hotel guests and the local community. The village’s downtown and the influx of visitors create a dynamic environment for businesses. The property has a size of 1250 square feet.
    Location Intelligence

    Current Use by Public Records

    The Wagner Restaurant American Restaurant Microtel by Wyndham ... Hotel

    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
    Penn Yan
    County
    Yates
    State
    New York
    Longitude
    -77.0549027
    Latitude
    42.6606316

    Nearby Similar for Lease

    • $38 SF/Yr
      2,900 SF

      Seneca Lake Restaurant Space Available

      Restaurant space with lakefront views and event catering opportunity.
      655 Ny-14, Penn Yan, NY
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    • $1,600 /Mo

      Professional Office Space For Rent

      Professional office space with parking and utilities included.
      270 Lake St, Penn Yan, NY 14527
      View Details
    • Contact for pricing
      12,300 SF

      Industrial Space with Loading Docks

      Manufacturing and light industrial space available for rent.
      240 North Ave, Penn Yan, NY 14527
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail or office space in a high-traffic tourist location.
    Where is this retail space located?
    The property is located at 124 Elm St Penn Yan, NY.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location within the Microtel by Wyndham in Penn Yan, Finger Lakes.; - High-traffic location catering to hotel guests and the local community.; - Suitable for retail or office use.
    (585) 802-3327
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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
    124 Elm St Penn Yan, NY 14527
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