Retail Storefront For
For Sale
$70,000
Pending
308 Fulton St, Elmira, NY 14904
For-sale storefront on Fulton St with strong walk and bike accessibility for customer-facing operations.
Property Size320 SF
Days on Market48
Property Features for 308 Fulton St
General Information
Standard status
Pending
Size
320 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,031
Building Details
Building Size
320 SF
Year Built
1950
Stories
1
Listing Agency:
RealtyUSA.com
(607) 738-5550
Listed By:
Patrick J. Beckwith · License #40BE0983501
(607) 738-5550
Source:
Elliman
Added: Jul 4
Changed: Aug 11
Last Checked: Aug 19 at 1:10PM
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 RealtyUSA.com
Investment Insights
Based on property information with market context.
This for-sale retail storefront is offered as a commercial property well suited to a range of neighborhood and street-level uses that benefit from direct customer presence. Presented as a storefront/retail space, the asset’s offering is centered on maintaining a visible retail frontage and an approachable street-facing profile for everyday commerce.
The property is located at 308 Fulton St in Elmira, NY 14904. Public remarks indicate a BikeScore of 76 and a WalkScore of 78, which supports a convenient pedestrian and bicycle catchment for foot traffic-based retail needs. These accessibility metrics can be helpful for tenants and owners looking to serve nearby customers without relying solely on destination visits.
Prospective buyers and tenants should evaluate the space for uses consistent with retail storefront operations and consider how the property’s walkable, bikeable surroundings align with their customer flow. The listing is positioned for buyers seeking an accessible street-level retail format, with emphasis on the property’s storefront nature and its reported neighborhood-level mobility.
The property is located at 308 Fulton St in Elmira, NY 14904. Public remarks indicate a BikeScore of 76 and a WalkScore of 78, which supports a convenient pedestrian and bicycle catchment for foot traffic-based retail needs. These accessibility metrics can be helpful for tenants and owners looking to serve nearby customers without relying solely on destination visits.
Prospective buyers and tenants should evaluate the space for uses consistent with retail storefront operations and consider how the property’s walkable, bikeable surroundings align with their customer flow. The listing is positioned for buyers seeking an accessible street-level retail format, with emphasis on the property’s storefront nature and its reported neighborhood-level mobility.
Key Highlights
- Year built: 1950
- For‑sale storefront on Fulton St
- Walk Score: 78 (very walkable) and Bike Score: 76 (very bikeable)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,473
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$49,460
$49.5K
Cap Rate 7%
$35,329
$35.3K
Cap Rate 9%
$27,478
$27.5K
Market Conditions
NOI Build-Up for 320 SF
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.
Gross rent
$3.8K $12.00/SF
− Vacancy
−$307 −$0.96/SF
EGI
$3.5K $11.04/SF
− OpEx
−$1.1K −$3.31/SF
NOI
$2.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$49,460
Cap Rate 7%
$35,329
Cap Rate 9%
$27,478
Alternative Uses
Best Use
Retail
$35.3K
$30.9K – $41.2K
NOI $2,473 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.91M
$2.55M – $3.40M
NOI $203,908 @ 7.0% cap · market cap 291.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Groceries 19%
Dining 4%
Electronics 2%
Aldi
Groceries
15,225 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,672 visits/mo
0.3 miles
Byrne Dairy
Shops & Services
12,619 visits/mo
0.4 miles
Dollar General
Shops & Services
8,537 visits/mo
0.3 miles
Kwik Fill
Shops & Services
6,734 visits/mo
0.4 miles
Demographics for 14904, NY
15,102
Population
7,629
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
88%
High-School Grad
6.4 sq mi
ZIP Area
2,360
Density / Sq Mi
$54,563
Median Household Income
$35,128
Median Earnings
$1,005
Median Rent
$87,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront on Fulton St with strong walk and bike accessibility for customer-facing operations.
Where is this storefront property located?
The property is located at 308 Fulton St Elmira, NY.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Year built: 1950; For‑sale storefront on Fulton St; Walk Score: 78 (very walkable) and Bike Score: 76 (very bikeable)
