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 Market11
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) 738-8458
Listed By:
Michael Manzari, SIOR, CCIM
(607) 738-8458
Source:
Moodyscre
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 28 at 3:12AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $12.00 |
| − Vacancy | −$1.7k | −$0.96 |
| EGI | $19.9k | $11.04 |
| − OpEx | −$6.0k | −$3.31 |
| NOI | $13.9k | $7.73 |
1,800 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
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.
Property 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
