Auto Shop with
For Sale
$169,900
1802 W Water Street, Elmira, NY 14905
CommercialSale, Elmira, NY
Property Size1,350 SF
Lot Size0.17 Acres
Price / SF$125.85
Days on Market407
Property Features for 1802 W Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NB
Zoning description
Commercial
Parking
12
Lot features
Flag Lot
Elementary school district
Elmira
Middle school district
Elmira
High school district
Elmira
Directions
From Route 352 head southeast toward Elmira 4.8 miles turn left onto Coleman Ave. Building is on the left on the corner of W. Water street and Coleman Ave.
Subdivision
Elmira Town-073089
Standard status
Active
APN
073089-098-006-0002-010-000-0000
Size
1,350 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
3598
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
office
restrooms
Building Details
Year built
1960
Floors in Building
1
Building materials
Block
Roof type
Membrane, Rubber
Listing Agency:
Signature Properties
(607) 796-9817
Listed By:
Deborah Barner · License #10401257719
(607) 426-8933
Added: Sep 2, 2025
Changed: Sep 29
Last Checked: Oct 13 at 8:06AM
MLS# R1634708
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,350-square-foot auto shop was built in 1960 and provides a practical layout for automotive operations. The building includes an office, two restrooms, and substantial work space within a block-constructed structure. Forced-air heating, natural gas service, a membrane roof, public water, and public sewer are in place. Mechanic tools and equipment may be purchased separately from the seller.
The property occupies 0.1742 acres at the corner of W. Water Street and Coleman Avenue in Elmira. The site is positioned along a traveled corridor with an average of 9,000 vehicles passing daily, along with pedestrian exposure. NB zoning is reported for the property, and showings are available by appointment.
The property occupies 0.1742 acres at the corner of W. Water Street and Coleman Avenue in Elmira. The site is positioned along a traveled corridor with an average of 9,000 vehicles passing daily, along with pedestrian exposure. NB zoning is reported for the property, and showings are available by appointment.
Key Highlights
- 1,350‑square‑foot automotive building on 0.1742 acres
- Corner position at W. Water Street and Coleman Avenue
- Average daily traffic of 9,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,433
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,660
$208.7K
Cap Rate 7%
$149,043
$149.0K
Cap Rate 9%
$115,922
$115.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$16.2K $12.00/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$14.9K $11.04/SF
− OpEx
−$4.5K −$3.31/SF
NOI
$10.4K $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%
$208,660
Cap Rate 7%
$149,043
Cap Rate 9%
$115,922
Alternative Uses
Best Use
Retail
$149.0K
$130.4K – $173.9K
NOI $10,433 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$97.4K
$85.2K – $113.6K
NOI $6,818 @ 7.0% cap · market cap 4.01%
Theoretical Best
Multifamily LT 5
$12.29M
$10.75M – $14.34M
NOI $860,238 @ 7.0% cap · market cap 506.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
9,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Dollar General
Shops & Services
7,065 visits/mo
0.1 miles
SUBWAY
Dining
2,352 visits/mo
0.1 miles
Demographics for 14905, NY
8,645
Population
4,303
Households
2
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
2,336
Density / Sq Mi
$85,888
Median Household Income
$44,209
Median Earnings
$1,112
Median Rent
$169,600
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
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Similar Off Market Nearby
- Jeff's West Side Services — 1802 W Water St, Elmira, NY 14905
Frequently Asked Questions
What type of property is this?
Auto shop - Flexible automotive facility with dedicated office space, two restrooms, and work areas for business operations.
Where is this auto shop located?
The property is located at 1802 W Water Street Elmira, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,350‑square‑foot automotive building on 0.1742 acres; Corner position at W. Water Street and Coleman Avenue; Average daily traffic of 9,000 vehicles
