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    Turnkey Pub and Restaurant Title is generated by Realmo AI

    519 Erie St, Elmira, NY 14904

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    For Sale
    $110,000

    Turnkey pub and restaurant with bar equipment included, a fenced patio, and an attached vacant lot for add-on uses.

    Type:Commercial
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 5:53 am

    Property Features for 519 Erie St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Charles Cerio

    Listing agent Charles Cerio License #10401363210

    Listing office Keller Williams Realty Southern Tier & Finger Lakes

    Listing date Jun 1, 2026

    Source Elliman

    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 Keller Williams Realty Southern Tier & Finger Lakes

    HighLights

    • Year built 1980 commercial pub/restaurant property with bar equipment included
    • All items in the bar convey, including taps, pool table, slushie machine, TVs, and dartboard
    • Includes fenced back patio and off‑street parking lot
    • Exterior 220 line available for hooking up a food truck
    • Attached vacant lot included, offering additional space for outdoor games, music, food truck parking, or storage
    • Over 45 years of continual operations at this location; owner financing available

    Overview

    This turnkey pub and restaurant is set up for immediate operation, with bar-related items included. The sale includes taps, a pool table, slushie machine, TVs, and a dartboard. There is also plenty of space behind the bar where a small kitchen could be added to support menu expansion. Outside, the property includes an exterior 220 line that can support food truck hookup, along with a fenced back patio for outdoor service or events.

    The property is located right off Clemens Center Parkway, described as the main artery of Elmira. In addition to the fenced outdoor area, there is an off-street parking lot designed to support customer parking. The offering also includes an attached vacant lot, which can be used in a variety of ways such as outdoor games, music, food truck parking, or storage, depending on an operator’s plan.

    For buyers seeking a straightforward path to opening, the included equipment and existing bar build-out reduce the amount of immediate setup work. The combination of indoor service space, outdoor patio area, and the attached vacant lot gives an operator flexibility for programming and overflow uses, whether for events, seasonal setups, or accommodating food trucks. Owner financing is available.
    Location Intelligence

    Current Use by Public Records

    The Erie Lounge Bar & Pub Boars nest tavern Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • The Qountry Tavern — 208 W Miller St, Elmira, NY 14904
    • The Erie Lounge — 519 Erie St, Elmira, NY 14904
    • Boars nest tavern — 519 Erie St, Elmira, NY 14904
    • The Sand Bar — 600 S Main St, Elmira, NY 14904
    • KEEFES TAVERN — 208 W Miller St, Elmira, NY 14904

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.7989658
    Latitude
    42.0791109

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey pub and restaurant with bar equipment included, a fenced patio, and an attached vacant lot for add-on uses.
    Where is this bar & pub located?
    The property is located at 519 Erie St Elmira, NY.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Year built 1980 commercial pub/restaurant property with bar equipment included; All items in the bar convey, including taps, pool table, slushie machine, TVs, and dartboard; Includes fenced back patio and off‑street parking lot
    (607) 731-9443
    We can help!
    Listing Contact
    Charles Cerio
    Real Estate License ID: 10401363210
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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