Building Details

Building Size 4,550 SF

Year Built 2003

Buildings 1

Units 1

Listing Agency: Howard Hanna S Tier Inc k***@gmail.com Show Phone

Listed By: Kelly Ann Skeval Show Phone

Source: Wcirealty

Added: Nov 8, 2023 Changed: Aug 19 Last Checked: Aug 19 at 3:38PM

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Investment Insights

Based on property information with market context.

This restaurant property offers over 4500 square feet of recently remodeled commercial space with an open interior layout. The premises include a full bar, a large fully equipped kitchen, and a private backroom with its own bathroom. A separate side entrance supports catering and delivery functions, while two additional entrance and exit points serve the main operation. Inventory, equipment, land, and building are included.

The property is located at 1346 Elmira Road in Newfield, approximately 10 minutes from Ithaca. A covered outdoor area extends the usable customer and event space, and on-site parking is available. Built in 2003, the property can accommodate restaurant, event, or retail operations as described in the listing information.

Key Highlights

• Over 4500 square feet of recently remodeled commercial space
• Full bar and large, fully equipped kitchen
• Private backroom with bathroom

Property Analytics

Property Profile

Current Use

Louella's Space Hotel & Motel

Suggested Use

Top Pick Building Supply HVAC Service Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 14867, NY

5,490

Population

2,488

Households

2.2

Avg Household Size

43

Median Age

31%

College-Educated

96%

High-School Grad

67.7 sq mi

ZIP Area

81

Density / Sq Mi

$67,644

Median Household Income

$48,494

Median Earnings

$1,163

Median Rent

$163,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Flexible commercial space with a full bar, equipped kitchen, covered outdoor area, and dedicated catering access.

Where is this conventional restaurant located?

The property is located at 1346 Elmira Road Newfield, NY.

What is the lease rate?

The lease rate is $3,000/Mo.

What are key features of this property?

This property features: Over 4500 square feet of recently remodeled commercial space; Full bar and large, fully equipped kitchen; Private backroom with bathroom