Flexible Retail Land and
2454 CORNING RD Elmira, NY 14903
2454 CORNING RD, Elmira, NY, 14903
$379,000
For Sale
$379,000
Rectangular building on a 150-by-120 lot with two Corning Road access points and Town of Horseheads zoning permitting many uses.
Property Size2,850 SF
Lot Size0.41 Acres
Price / SF$132.98
Days on Market381
Property Features for 2454 CORNING RD
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Lot size
- 0.41 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1963
Listing agency
(607) 738-8900
Listed by
Howard Hanna Elmira
(607) 738-8900
Source
Xome
Added: Jul 7, 2025 Updated: Jul 22 at 7:49AM Checked: Jul 22 at 7:49AM
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 Howard Hanna Elmira
Investment Insights
Based on property information with market context.
This offering combines land and a rectangular building that totals approximately 2,850 square feet. The property is configured for flexibility, with the current building available to use as-is or taken down. The land measures 150 x 120, and there is additional adjoining land to the east if needed.
The site has two access points along Corning Road and is positioned between Ferrario Ford and Equilibrium Properties (formerly Paramount Bowling Lanes). The Town of Horseheads business zoning is stated to permit a range of uses, including automotive sales and service, banks and credit unions, restaurants, convenience stores, retail stores, and medical and dental offices.
Whether you’re planning to operate in the existing structure or start fresh, this property provides a straightforward footprint and multiple entries for businesses looking for adaptable site options along Corning Road.
The site has two access points along Corning Road and is positioned between Ferrario Ford and Equilibrium Properties (formerly Paramount Bowling Lanes). The Town of Horseheads business zoning is stated to permit a range of uses, including automotive sales and service, banks and credit unions, restaurants, convenience stores, retail stores, and medical and dental offices.
Whether you’re planning to operate in the existing structure or start fresh, this property provides a straightforward footprint and multiple entries for businesses looking for adaptable site options along Corning Road.
Key Highlights
- Rectangular commercial building with approx. 2,850 SF on a 150 x 120 lot
- Two access points along Corning Road (Miracle Mile)
- Town of Horseheads COMM zoning allows many uses including automotive sales/service, banks, credit unions, restaurants, retail, and medical/dental offices
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 | $41.0k | $14.40 |
| − Vacancy | −$4.9k | −$1.73 |
| EGI | $36.1k | $12.67 |
| − OpEx | −$9.0k | −$3.17 |
| NOI | $27.1k | $9.50 |
2,850 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$386.9K
$338.6K – $451.4K
NOI $27,086 @ 7.0% cap · market cap 7.15%
Second Best
Healthcare Medical
$336.3K
$294.3K – $392.4K
NOI $23,541 @ 7.0% cap · market cap 6.21%
Theoretical Best
Multifamily LT 5
$25.94M
$22.70M – $30.27M
NOI $1,816,057 @ 7.0% cap · market cap 479.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Rectangular building on a 150-by-120 lot with two Corning Road access points and Town of Horseheads zoning permitting many uses.
Where is this storefront property located?
The property is located at 2454 CORNING RD Elmira, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Rectangular commercial building with approx. 2,850 SF on a 150 x 120 lot; Two access points along Corning Road (Miracle Mile); Town of Horseheads COMM zoning allows many uses including automotive sales/service, banks, credit unions, restaurants, retail, and medical/dental offices
