500 Walnut Street Elmira, NY 14901

Listing agency Corcoran

Listed by Sunny Barot · License #NY

Source Crexi

Added: Apr 12 Updated: Jul 22 at 2:44AM Checked: Jul 22 at 2:44AM

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Investment Insights

Based on property information with market context.

500 Walnut is a mixed-use building previously used as office and retail space, totaling over 14,000 square feet. The property includes 44 total lined surface parking spaces and a marked main entrance with a cement walkway.

The building sits at a corner location on a North/South corridor and is described as being within walking distance of LECOM Medical School, Elmira College, and Arnot Hospital. The surrounding area is characterized in the remarks as a family-oriented community.

The owner is considering subdividing, which would allow multiple businesses to operate at the same location. The listing also notes the potential for a cap rate over 15% (subject to buyer and underwriting).

Key Highlights

• Over 14,000 SF mixed‑use building with former office and retail uses
• Corner location on a busy north/south corridor
• Includes 44 total lined surface parking spaces

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FAQs

What type of property is this?

Office building - Mixed-use building with former office and retail uses, offering 44 lined surface parking spaces and corner exposure.

Where is this office building located?

The property is located at 500 Walnut Street Elmira, NY.

What are key features of this property?

This property features: Over 14,000 SF mixed‑use building with former office and retail uses; Corner location on a busy north/south corridor; Includes 44 total lined surface parking spaces