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    2005 College Ave Elmira, NY 14901

    For Sale
    $119,900

    Commercial building suitable for small business with high traffic exposure.

    Lot size:
    0.17 Acres

    Property Features for 2005 College Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1942

    Source: Richard Winters Real Estate Agent Marcalene Wright

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

    Overview

    Commercial Building on Corner Lot

    This 1.5 story commercial building is situated on a highly visible corner lot with high traffic count. Previously used as a car lot, the property accommodates 11 car parking spaces. The structure and garage roofs are approximately 5 years old. A new 12x14 shed with electric is included. The property features a blacktop parking lot, making it suitable for a small business.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coles & Associates Inc Real Estate Appraiser

    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

    LaFRANCE Equipment Corporation, Budget Truck Rental, Penske Truck Rental, Penske Truck Rental

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.8231219
    Latitude
    42.1184349

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    FAQs

    What type of property is this?
    Parking lot & garage - Commercial building suitable for small business with high traffic exposure.
    Where is this parking lot & garage located?
    The property is located at 2005 College Ave Elmira, NY.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - High-visibility corner lot ideal for a small business with very high traffic count; - Blacktop parking lot with space for 11 cars; - Structure and garage roofs are only 5 years old
    (607) 542-0016
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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
    2005 College Ave Elmira, NY 14901
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