Corner Auto Shop with
1802 W Water St Elmira, NY 14905
1802 W Water St, Elmira, NY, 14905
$180,000
For Sale
$180,000
Auto shop building with an office, two restrooms, and work space on a busy corner.
Property Size1,350 SF
Price / SF$133.33
Days on Market326
Property Features for 1802 W Water St
General Information
- Standard status
- Active
- Size
- 1,350 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1960
Listing agency
(607) 426-8933
Listed by
Signature Properties
(607) 426-8933
Source
Xome
Added: Aug 31, 2025 Updated: Jul 21 at 1:35PM Checked: Jul 22 at 3:35AM
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 Signature Properties
Investment Insights
Based on property information with market context.
This for-sale automotive property includes an office, two restrooms, and plenty of work space inside the building. Showings are by appointment only, and mechanic tools and equipment may be purchased separately through the seller.
The property is positioned on the corner of W. Water Street and Coleman Ave, with marketing remarks citing an average of 9,000 vehicles driving by daily. The layout and visibility make it well-suited for a business that benefits from both vehicle and foot traffic.
If you’re looking for an automotive-focused facility with on-site office space, this building provides the core components to support day-to-day operations.
The property is positioned on the corner of W. Water Street and Coleman Ave, with marketing remarks citing an average of 9,000 vehicles driving by daily. The layout and visibility make it well-suited for a business that benefits from both vehicle and foot traffic.
If you’re looking for an automotive-focused facility with on-site office space, this building provides the core components to support day-to-day operations.
Key Highlights
- Auto shop building with an office, 2 restrooms, and work space
- Corner property on W. Water Street and Coleman Ave in West Elmira
- 12 parking spaces
Local Financial Insights For Office B
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 | $19.4k | $14.40 |
| − Vacancy | −$2.3k | −$1.73 |
| EGI | $17.1k | $12.67 |
| − OpEx | −$4.3k | −$3.17 |
| NOI | $12.8k | $9.50 |
1,350 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 7.13%
Second Best
Retail
$149.0K
$130.4K – $173.9K
NOI $10,433 @ 7.0% cap · market cap 5.80%
Theoretical Best
Multifamily LT 5
$12.29M
$10.75M – $14.34M
NOI $860,238 @ 7.0% cap · market cap 477.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jeff's West Side ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Jeff's West Side Services — 1802 W Water St, Elmira, NY 14905
FAQs
What type of property is this?
Auto shop - Auto shop building with an office, two restrooms, and work space on a busy corner.
Where is this auto shop located?
The property is located at 1802 W Water St Elmira, NY.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Auto shop building with an office, 2 restrooms, and work space; Corner property on W. Water Street and Coleman Ave in West Elmira; 12 parking spaces
