Freestanding Retail Building with
209 Mt Zoar St, Elmira, NY
For Sale
Contact for pricing
Former pharmacy with drive-thru, suitable for retail or restaurant.
Property Size10,945 SF
Lot Size1.42 Acres
Price / SF$182.73
Days on Market351
Property Features for 209 Mt Zoar St
General Information
Standard status
Size
Lot size
Property subtype
Properties For Sale
at 209 Mt Zoar St
209 Mt Zoar St
AVAILABLE, Now
Floor
Bldg
Size
10,945 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
- Former freestanding pharmacy with a drive-thru available for lease.
- The building offers a large parking lot, multiple curb cuts, and a plyon sign for added visibility in addition to building signage.
- Located on a corner lot, this building is well located in downtown Elmira to accommodate a variety of retail or restaurant concepts.
- Corner lot
- Drive-thru
- Pylon Sign for added visibility
- Large parking lot
- Property Taxes: $6.75/PSF
Contact us
Listing Agency:
Donovan Real Estate Services
(716) 998-2943
Listed By:
Brian P Donovan · License NY #10491202934
(585) 703-3888
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Apr 8 at 10:51AM
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 Donovan Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This former freestanding pharmacy building, totaling 10,945 square feet, is available for lease. It features a drive-thru and a large parking lot. Located on a corner lot in downtown Elmira, the property benefits from multiple curb cuts and a pylon sign, enhancing visibility along with building signage. The property is suitable for a variety of retail or restaurant concepts. The property tax is $6.75 per square foot.
Key Highlights
- Drive‑thru for ultimate convenience.
- Large parking lot available.
- Pylon sign for added visibility**.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,005
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,260,100
$2.3M
Cap Rate 7%
$1,614,357
$1.6M
Cap Rate 9%
$1,255,611
$1.3M
Market Conditions
NOI Build-Up for 10,945 SF
Gross rent
$157.6K $14.40/SF
− Vacancy
−$6.9K −$0.63/SF
EGI
$150.7K $13.77/SF
− OpEx
−$37.7K −$3.44/SF
NOI
$113.0K $10.32/SF
Area
Chemung County, NY
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,260,100
Cap Rate 7%
$1,614,357
Cap Rate 9%
$1,255,611
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $113,005 @ 7.0% cap · market cap 5.65%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,583 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,847 @ 7.0% cap · market cap 7.09%
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
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
80k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Groceries 19%
Dining 4%
Electronics 2%
Aldi
Groceries
15,225 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,672 visits/mo
0.3 miles
Byrne Dairy
Shops & Services
12,619 visits/mo
0.2 miles
Dollar General
Shops & Services
8,537 visits/mo
0.0 miles
Kwik Fill
Shops & Services
6,734 visits/mo
0.4 miles
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
- Rite Aid Pharmacy — 402 Pennsylvania Ave, Elmira, NY 14904
- Mary Volino, RPh — 209 Mt Zoar St, Elmira, NY 14904
- Robert Humphries — 209 Mt Zoar St, Elmira, NY 149041231
- Rite Aid Pharmacy — 209 Mt Zoar St, Elmira, NY 14904
- Gerould's Professional Pharmacy Inc — 130 S Main St, Elmira, NY 14904
Frequently Asked Questions
What type of property is this?
Drug store - Former pharmacy with drive-thru, suitable for retail or restaurant.
Where is this drug store located?
The property is located at 209 Mt Zoar St Elmira, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Drive‑thru for ultimate convenience.; Large parking lot available.; Pylon sign for added visibility**.
