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Office Unit with Build-Out Option
New
For Lease
$1,447/Mo

124 Lake Street, Elmira, NY 14901

COMMERCIAL - Elmira, NY

Space SizeContact for details
Lot Size0.28 Acres
Days on Market7

Property Features for 124 Lake Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning CBD -COM1
Zoning description Commercial
Lot features Flag Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Directions Elmira: Corner of Lake St and Carroll St.
Subdivision Elmira-City-070400
Standard status Active
APN 070400-089-019-0007-035-000-0000
Size 1,782 SF
Lot size 0.28 Acres

Taxes and HOA fees

Tax Annual Amount 7274

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1945
Floors in Building 3
Number of units 1
Building materials Brick
Roof type Flat, Rubber, Membrane, Rolled Hot Mop
Listing Agency: Signature Properties
Listed By: Jeremy Drake · License #10401361665
Added: Aug 14 Changed: Aug 17 Last Checked: Aug 20 at 1:06AM
MLS# R1707181

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office unit offers 1,782 square feet within a brick building constructed in 1945. The owner will consider a build-to-suit renovation, allowing the interior configuration and finishes to be planned around the occupant’s requirements. The property has forced-air heating powered by natural gas, a flat rubber membrane roof, and public water and sewer service.

Located at 124 Lake Street in Elmira’s Central Business District, the property is positioned in the downtown area near the city’s amenities. Zoning is identified as CBD -COM1. The parcel encompasses 0.2796 acres and provides a compact setting for office use.

Key Highlights

  • 1,782‑square‑foot office unit in a brick building
  • Owner will consider a build‑to‑suit renovation
  • Located at 124 Lake Street in Elmira’s Central Business District

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
13,215 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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space in Elmira’s Central Business District with owner-supported renovation planning.
Where is this office units located?
The property is located at 124 Lake Street Elmira, NY.
What is the lease rate?
The lease rate is $1,447/Mo.
What are key features of this property?
This property features: 1,782‑square‑foot office unit in a brick building; Owner will consider a build‑to‑suit renovation; Located at 124 Lake Street in Elmira’s Central Business District
More about this property
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