Mixed-Use Office/Retail
For Sale
Contact for pricing
Pending
500 Walnut Street, Elmira, NY 14901
Mixed-use building with former office and retail uses, offering 44 lined surface parking spaces and corner exposure.
Property SizeContact for details
Days on Market147
Property Features for 500 Walnut Street
General Information
Standard status
Pending
Property subtype
Retail, Office, Mixed Use
Listing Agency:
Corcoran
Listed By:
Sunny Barot · License #NY
Source:
Crexi
Added: Apr 12
Changed: Sep 2
Last Checked: Sep 4 at 4:04PM
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 Corcoran
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).
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
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
