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Downtown Office Unit
New
For Lease
$1,063/Mo

120 Lake St, Elmira, NY 14901

Build-to-suit planning supports a renovated office configuration in Elmira’s Central Business District.

Space SizeContact for details
Days on Market7

Property Features for 120 Lake St

General Information

Standard status Active

Space & Availability

Space Use Office
Condition Built-to-Suit

Building Details

Year Built 1945
Listing Agency: Signature Properties
Listed By: Jeremy Drake · License #10401361665
Source: Skinnercnyrealty
Added: Aug 24 Changed: Aug 29 Last Checked: Aug 26 at 9:57AM

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 single-office commercial unit is available for lease at 120 Lake St in Elmira, New York. The owner will work with the occupant on a build-to-suit plan, with the space intended for full renovation to support the final configuration.

The property is positioned within Elmira’s Central Business District and is described as being close to area amenities. The 1,310 property-size figure provides a defined footprint for planning the proposed office layout.

Key Highlights

  • Single office unit available for lease
  • Owner will build to suit the occupant’s requirements
  • Space planned for full renovation

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
13,661 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
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Frequently Asked Questions

What type of property is this?
Office units - Build-to-suit planning supports a renovated office configuration in Elmira’s Central Business District.
Where is this office units located?
The property is located at 120 Lake St Elmira, NY.
What is the lease rate?
The lease rate is $1,063/Mo.
What are key features of this property?
This property features: Single office unit available for lease; Owner will build to suit the occupant’s requirements; Space planned for full renovation
More about this property
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