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    112 W 2Nd St Elmira, NY 14901

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    For Sale
    $295,000

    Well-established bar and restaurant in the heart of Downtown Elmira.

    Property size:
    3,752 SF
    Lot size:
    0.33 Acres

    Property Features for 112 W 2Nd St

    General Information

    Size
    3,752 SF
    Lot size
    0.33 Acres

    Source: Cushman & Wakefield | Pyramid Brokerage - Ithaca Agent Michael Barry

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

    Overview

    Established Bar and Restaurant Downtown

    This well-established bar and restaurant, encompassing 4,630 square feet on 0.34 acres, is situated in the heart of Downtown Elmira. The property benefits from its close proximity to the Clemens Center, the arena, and various downtown amenities. The space is large and flexible, presenting significant potential for expanding catering services, with the current operation hosting between two and five events per month. A loyal clientele frequents the bar and restaurant, and there is potential to increase revenue by adding lunch hours or extending service into late night. Equipment, furnishings, fixtures, and a delivery vehicle are included in the sale. Inventory is available at an additional cost. The current owner is willing to assist with the transition. Financial information will be provided upon signing a non-disclosure agreement. The property size is 3,752 square feet.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Playground, Roundin Third, Brady's Pub, Finger Lakes House, Rye

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.8082072
    Latitude
    42.0918292

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    FAQs

    What type of property is this?
    Bar - Well-established bar and restaurant in the heart of Downtown Elmira.
    Where is this bar located?
    The property is located at 112 W 2Nd St Elmira, NY.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Well-established bar and restaurant in the heart of Downtown Elmira.; - Large, flexible space with potential for expanded catering and events business.; - Loyal clientele with opportunities to extend operating hours (lunch/late night).
    (607) 279-6891
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    112 W 2Nd St Elmira, NY 14901
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    Elmira, NY 14901
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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
    112 W 2Nd St Elmira, NY 14901
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