Street-Level Retail
For Sale
Contact for pricing
355 Davis Street, Elmira, NY 14901
An adaptable layout includes a front showroom, restroom, and two rear rooms for office, merchandise, or storage use.
Property Size882 SF
Price / SF$1.70
Days on Market21
Property Features for 355 Davis Street
General Information
Standard status
Active
Size
882 SF
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
Warren Real Estate
(607) 398-6416
Listed By:
William Shangraw · License #10301221336
(607) 742-5278
Source:
Prestigefamilyrealty
Added: Oct 12
Changed: Nov 1
Last Checked: Nov 1 at 1:41AM
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 Warren Real Estate
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Investment Insights
Based on property information with market context.
This 882-square-foot retail space is arranged on one level, with a front showroom, a restroom, and two separate rooms at the rear. The rear rooms can serve as offices, additional retail area, or inventory storage. Built in 1960, the property offers a straightforward layout for retail or office use.
The space is at 355 Davis Street in Elmira City, next to the Garage at Rye. The lease structure is NNN.
The space is at 355 Davis Street in Elmira City, next to the Garage at Rye. The lease structure is NNN.
Key Highlights
- 882 square feet of street‑level retail space
- Front showroom, restroom, and two separate rear rooms
- Rear rooms can accommodate offices, additional retail area, or inventory storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,816
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,320
$136.3K
Cap Rate 7%
$97,371
$97.4K
Cap Rate 9%
$75,733
$75.7K
Market Conditions
NOI Build-Up for 882 SF
Gross rent
$10.6K $12.00/SF
− Vacancy
−$847 −$0.96/SF
EGI
$9.7K $11.04/SF
− OpEx
−$2.9K −$3.31/SF
NOI
$6.8K $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 Rate 5%
$136,320
Cap Rate 7%
$97,371
Cap Rate 9%
$75,733
Alternative Uses
Best Use
Retail
$97.4K
$85.2K – $113.6K
NOI $6,816 @ 7.0% cap · market cap 454.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.03M
$7.03M – $9.37M
NOI $562,022 @ 7.0% cap · market cap 37,468.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 30%
Groceries 26%
Beauty & Spa 2%
Weis Markets
Groceries
21,549 visits/mo
0.3 miles
McDonald's
Dining
21,438 visits/mo
0.4 miles
Mobil
Shops & Services
9,177 visits/mo
0.5 miles
Sunoco
Shops & Services
8,074 visits/mo
0.3 miles
Dollar General
Shops & Services
5,568 visits/mo
0.2 miles
Demographics for 14901, NY
14,893
Population
6,739
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
80%
High-School Grad
33.2 sq mi
ZIP Area
449
Density / Sq Mi
$40,524
Median Household Income
$28,369
Median Earnings
$835
Median Rent
$90,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An adaptable layout includes a front showroom, restroom, and two rear rooms for office, merchandise, or storage use.
Where is this retail space located?
The property is located at 355 Davis Street Elmira, NY.
What are key features of this property?
This property features: 882 square feet of street‑level retail space; Front showroom, restroom, and two separate rear rooms; Rear rooms can accommodate offices, additional retail area, or inventory storage
