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Retail Storefront Property

308 Fulton Street Elmira, NY 14904

308 Fulton Street, Elmira, NY, 14904
$70,000
Pending
For Sale
$70,000
Pending

COMMERCIAL - Elmira, NY

Property Size320 SF
Lot Size0.06 Acres
Days on Market18

Property Features for 308 Fulton Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Business
Parking
8
Standard status
Pending
APN
070400-099-007-0002-021-000-0000
Size
320 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
1031

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Space Heater
Water source
Public

Building Details

Year built
1950
Floors in Building
1
Roof type
Rubber, Flat, Membrane
Listing Agency Howard Hanna Elmira
215 W CHURCH ST, Corning, NY
Listed by Patrick J. Beckwith · License #40BE0983501
Added: Jun 30 Checked: Jul 17 at 6:06 am
MLS# R1694999

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 for-sale retail storefront property offers a compact footprint suited for smaller-scale retail uses. The asset is identified as a storefront within the listing’s commercial real estate classification, with a total property size provided as 320 square feet. The property sits on a small lot measuring 0.0643 acres, and it is listed under Business zoning.

The property is located at 308 Fulton Street in Elmira, New York 14904, within Chemung County. With a straightforward storefront configuration and a Business zoning designation, it is positioned for occupiers or buyers seeking a small commercial address within the city.

For tenants, the size and storefront nature may fit service-oriented retail concepts that can operate within a smaller enclosed space. For buyers, the property provides an entry point to acquire a small retail storefront in a Business-zoned setting in Elmira. Interested parties should review the zoning requirements under the provided “Business” designation to confirm fit for their specific intended use.

Key Highlights

  • Year built: 1950
  • Heating includes natural gas and space heater
  • Public water service

Local Financial Insights For Retail

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 $3.8k $12.00
− Vacancy −$307 −$0.96
EGI $3.5k $11.04
− OpEx −$1.1k −$3.31
NOI $2.5k $7.73
320 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$35.3K
$30.9K – $41.2K (±1% cap)
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 (±1% cap)
NOI $203,908 @ 7.0% cap · market cap 291.30%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Tony's Barber Shop Barber Shop

Suggested Use

Real Estate Agency Electrical Service HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Acupuncture Barber Shop Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Storefront property - Small retail storefront available for sale in Elmira’s Business-zoned district.
Where is this storefront property located?
The property is located at 308 Fulton Street 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; Heating includes natural gas and space heater; Public water service
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