Automatic Car
For Sale
$349,000
2454 Corning Road, Elmira, NY 14903
Operating wash facility with natural gas radiant heat, 220-volt service, and public water and sewer.
Property Size2,850 SF
Lot Size1.03 Acres
Price / SF$122.46
Days on Market104
Property Features for 2454 Corning Road
General Information
Standard status
Active
Size
2,850 SF
Lot size
1.03 Acres
Property subtype
Commercial
Zoning
COMM, Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Business Included
Yes
Automotive Uses
car wash
Taxes and HOA fees
Annual Taxes
$9,417
Amenities
natural gas radiant heat
220-volt electrical service
public water and sewer
convenient access
Building Details
Building Size
2,850 SF
Year Built
1963
Buildings
1
Stories
1
Abandoned
No
Listing Agency:
Howard Hanna Horseheads
(607) 739-1444
Listed By:
Arthur D. Ambrose · License #30AM1081022
(607) 738-8900
Source:
Franzese-realestate
Added: Jul 13
Changed: Oct 23
Last Checked: Oct 23 at 1:30PM
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 Horseheads
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Investment Insights
Based on property information with market context.
An operating automatic car wash occupies a 2,850-square-foot commercial facility built in 1963. The property has natural gas radiant heat, 220-volt electrical service, and connections to public water and sewer. Commercial zoning supports its existing use, subject to applicable requirements.
The offering combines two parcels totaling 1.03 acres at 2454 Corning Road in Elmira, New York. The additional parcel contributes land alongside the car wash property.
The offering combines two parcels totaling 1.03 acres at 2454 Corning Road in Elmira, New York. The additional parcel contributes land alongside the car wash property.
Key Highlights
- Operating automatic car wash
- 2,850‑square‑foot facility built in 1963
- Two parcels totaling 1.03 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,426
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,520
$588.5K
Cap Rate 7%
$420,371
$420.4K
Cap Rate 9%
$326,956
$327.0K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$41.0K $14.40/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$39.2K $13.77/SF
− OpEx
−$9.8K −$3.44/SF
NOI
$29.4K $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%
$588,520
Cap Rate 7%
$420,371
Cap Rate 9%
$326,956
Alternative Uses
Best Use
Specialty Retail
$420.4K
$367.8K – $490.4K
NOI $29,426 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$314.6K
$275.3K – $367.1K
NOI $22,025 @ 7.0% cap · market cap 6.31%
Theoretical Best
Multifamily LT 5
$25.94M
$22.70M – $30.27M
NOI $1,816,057 @ 7.0% cap · market cap 520.36%
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
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 39%
Home Improvements & Furnishings 5%
Byrne Dairy
Shops & Services
18,046 visits/mo
0.1 miles
Arby's
Dining
10,153 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,202 visits/mo
0.2 miles
Ashley
Home Improvements & Furnishings
2,383 visits/mo
0.4 miles
U-Haul Moving & Storage Of Elmira
Shops & Services
2,238 visits/mo
0.2 miles
Demographics for 14903, NY
7,279
Population
3,344
Households
2.2
Avg Household Size
42
Median Age
28%
College-Educated
95%
High-School Grad
21.6 sq mi
ZIP Area
337
Density / Sq Mi
$66,142
Median Household Income
$41,182
Median Earnings
$943
Median Rent
$123,900
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
Frequently Asked Questions
What type of property is this?
Car wash - Operating wash facility with natural gas radiant heat, 220-volt service, and public water and sewer.
Where is this car wash located?
The property is located at 2454 Corning Road Elmira, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Operating automatic car wash; 2,850‑square‑foot facility built in 1963; Two parcels totaling 1.03 acres
