Renovated Retail Business
162 E 14TH ST Elmira, NY 14903
For Sale
Contact for pricing
Renovated 1,800sf storefront includes updated roof, HVAC, electric, windows, restrooms, and kitchen, plus included business equipment.
Property Size1,800 SF
Price / SF$141.67
Days on Market45
Property Features for 162 E 14TH ST
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Retail, Business for Sale, Special Purpose
Building Details
- Year Built
- 1963
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company - Corning, New York
(607) 937-9720
Listed By:
Michael J. Manzari · License #NY 30MA0862846
Source:
Crexi
Added: Jun 10
Changed: Jul 23
Last Checked: Jul 23 at 5:03PM
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 Company - Corning, New York
Investment Insights
Based on property information with market context.
This for-sale storefront property includes an approximately 1,800sf building that was renovated in 2021. Renovations include a new roof, HVAC system, electric upgrades, front windows, restrooms, and a kitchen. The sale also includes all contents and equipment, along with a mobile axe throwing trailer and a 1988 Chrysler LeBaron vinyl-wrapped denim car.
The business, Denim Axe, is described as a venue suited for parties, private events, and small groups. The current operation includes a beer license and sells finger foods. The property is located in downtown Elmira Heights near retail, food, and medical businesses.
The building and included equipment are intended to support ongoing operations as presented in the business description.
The business, Denim Axe, is described as a venue suited for parties, private events, and small groups. The current operation includes a beer license and sells finger foods. The property is located in downtown Elmira Heights near retail, food, and medical businesses.
The building and included equipment are intended to support ongoing operations as presented in the business description.
Key Highlights
- Renovated 1,800 SF storefront building with updated roof, HVAC, electric, front windows, restrooms, and kitchen (renovated in 2021)
- Includes business contents and equipment, plus a mobile axe throwing trailer and a 1988 Chrysler LeBaron vinyl‑wrapped denim car
- Current operation includes a beer license and sales of finger foods
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Denim Axe Co.
Family Recreation Center
Similar Off Market Nearby
- Emily's Florist — 1874 Grand Central Ave, Horseheads, NY 14845
- Zoey's Floral — 2071 Lake Rd, Elmira, NY 14903
FAQs
What type of property is this?
Storefront property - Renovated 1,800sf storefront includes updated roof, HVAC, electric, windows, restrooms, and kitchen, plus included business equipment.
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: Renovated 1,800 SF storefront building with updated roof, HVAC, electric, front windows, restrooms, and kitchen (renovated in 2021); Includes business contents and equipment, plus a mobile axe throwing trailer and a 1988 Chrysler LeBaron vinyl‑wrapped denim car; Current operation includes a beer license and sales of finger foods
