Turnkey Retail Sports
For Sale
Contact for pricing
162 E 14th St, Elmira, NY 14903
Renovated 1,800 sf storefront includes equipment and an axe throwing trailer, with a beer license and food sales.
Property Size1,800 SF
Price / SF$141.67
Days on Market102
Property Features for 162 E 14th St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Building Details
Year Renovated
2021
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Corning \ Elmira
(607) 937-9720
Listed By:
Michael Manzari, SIOR, CCIM
(607) 738-8458
Source:
Moodyscre
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 28 at 12:15PM
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 Cushman & Wakefield | Pyramid Brokerage - Corning \ Elmira
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turnkey retail sports venue features a renovated 1,800 sf building with improvements completed in 2021, including a new roof, HVAC, electrical upgrades, front windows, restrooms, and a kitchen. The sale includes all contents and equipment, along with a mobile axe throwing trailer and a 1988 Chrysler LeBaron vinyl-wrapped denim car.
The business currently operates with a beer license and also sells finger foods, serving as a venue for parties, private events, and small groups.
For buyers looking to own and operate in one location, the property is set up with the improvements needed to support on-site events and food service in a dedicated retail storefront format.
The business currently operates with a beer license and also sells finger foods, serving as a venue for parties, private events, and small groups.
For buyers looking to own and operate in one location, the property is set up with the improvements needed to support on-site events and food service in a dedicated retail storefront format.
Key Highlights
- 1,800 SF storefront renovated in 2021 with updates including new roof, HVAC, electric, front windows, restrooms, and kitchen
- Includes all contents and equipment for Denim Axe, plus a mobile axe throwing trailer
- 1988 Chrysler LeBaron vinyl wrapped denim car included with the business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,910
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,200
$278.2K
Cap Rate 7%
$198,714
$198.7K
Cap Rate 9%
$154,556
$154.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$21.6K $12.00/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$19.9K $11.04/SF
− OpEx
−$6.0K −$3.31/SF
NOI
$13.9K $7.73/SF
Area
Chemung County, NY
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,200
Cap Rate 7%
$198,714
Cap Rate 9%
$154,556
Alternative Uses
Best Use
Retail
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.39M
$14.34M – $19.12M
NOI $1,146,983 @ 7.0% cap · market cap 449.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Splash Car Wash
Shops & Services
7,413 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,166 visits/mo
0.2 miles
Exxon
Shops & Services
4,862 visits/mo
0.2 miles
Sunoco
Shops & Services
3,321 visits/mo
0.3 miles
Dandy Mini Mart
Shops & Services
2,035 visits/mo
0.3 miles
Demographics for 14903, NY
7,279
Population
3,344
Households
2.2
Avg Household Size
42
Median Age
28%
College-Educated
95%
High-School Grad
21.6 sq mi
ZIP Area
337
Density / Sq Mi
$66,142
Median Household Income
$41,182
Median Earnings
$943
Median Rent
$123,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Zoey's Floral — 2071 Lake Rd, Elmira, NY 14903
- Emily's Florist — 1874 Grand Central Ave, Horseheads, NY 14845
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated 1,800 sf storefront includes equipment and an axe throwing trailer, with a beer license and food sales.
Where is this storefront property located?
The property is located at 162 E 14th St Elmira, NY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,800 SF storefront renovated in 2021 with updates including new roof, HVAC, electric, front windows, restrooms, and kitchen; Includes all contents and equipment for Denim Axe, plus a mobile axe throwing trailer; 1988 Chrysler LeBaron vinyl wrapped denim car included with the business
