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    220 Roe Ave Elmira, NY 14901

    For Sale
    $220,000

    Restaurant and ice cream shop in a high-visibility, mixed-use area.

    Lot size:
    0.24 Acres

    Property Features for 220 Roe Ave

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1911

    Source: Russell Real Estate Solutions Agent Abby M. Russell

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

    Overview

    Local Restaurant Opportunity For Sale

    This well-known cafe and ice cream shop, a local favorite, is now available for sale in a high-visibility, mixed-use area surrounded by residential homes and thriving businesses. The property is being sold as is (winterized with services currently turned off) and includes all equipment and supplies. This presents an excellent opportunity for a new owner to revive a local favorite or introduce a fresh, new concept to the space. The option to retain the current name and signage is available to continue the established success and brand. This is a turnkey opportunity for an entrepreneur, investor, or community-minded individual to embark on the next chapter for Central Hots.
    Insight Report Location Intelligence

    Current Use by Public Records

    Central Hots American Restaurant Ks Hots Enterprises Restaurant

    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.

    Similar Places Nearby

    Wegmans Catering

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.8166996
    Latitude
    42.1022137

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and ice cream shop in a high-visibility, mixed-use area.
    Where is this restaurant located?
    The property is located at 220 Roe Ave Elmira, NY.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Turnkey opportunity with all equipment and supplies included; - Established business with a strong local reputation and customer base; - High-visibility location in a mixed-use area with residential and commercial presence
    (607) 846-0456
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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
    220 Roe Ave Elmira, NY 14901
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