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Office Units with Live-Work Potential
For Lease
$1,100/Mo

642 W Water Street, Elmira, NY 14905

CommercialLease, Elmira, NY

Space Size1,400 SF
Lot Size0.06 Acres
Days on Market48

Property Features for 642 W Water Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning com
Zoning description Commercial
Parking 1
Lot features Rectangular, Rectangular Lot
Elementary school district Elmira
Middle school district Elmira
High school district Elmira
Directions Northeast corner of Hoffman/Water st. intersection
Subdivision Elmira-City-070400
Standard status Active
APN 070400-099-006-0001-060-000-0000
Size 4,871 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 3777

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1950
Floors in Building 1
Building materials AtticCrawlHatchwaysInsulated
Roof type Shingle
Listing Agency: Keller Williams Realty Southern Tier & Finger Lakes
Listed By: Charles Cerio · License #10401363210
Added: Jul 29 Changed: Aug 19 Last Checked: Sep 14 at 7:06AM
MLS# R1700694

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 office property includes approximately 1,400 square feet of commercial space arranged with three office rooms, three storage rooms, three entrances, and a broad open-concept area. A four-bedroom apartment occupies the upper level and is also available for live-work use or additional office space. The property was built in 1950 and includes central air, natural gas heating, public water, public sewer, and a shingle roof.

The building sits on a corner along a main Elmira thoroughfare described as high-traffic and highly visible, with the neighborhood bordering West Elmira. The full property measures 4,871 square feet on 0.0591 acres and is zoned com.

Key Highlights

  • Approximately 1,400 square feet of commercial space
  • Three office rooms, three storage rooms, and three entrances
  • Open‑concept area provides flexible workspace

Property Analytics

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Current Use

American Capital RE, ... Property Management Company

Suggested Use

Top Pick Real Estate Agency Hair Salon Electrical Service Nail Salon Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby

Demographics for 14905, NY

8,645
Population
4,303
Households
2
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
2,336
Density / Sq Mi
$85,888
Median Household Income
$44,209
Median Earnings
$1,112
Median Rent
$169,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Elmira, NY

$76.52 /SF/Yr
Avg Asking Price
$2.19–$297 /SF/Yr
Price Range
10,957 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Commercial space combines private offices, storage areas, multiple entrances, and an open-concept work area.
Where is this office units located?
The property is located at 642 W Water Street Elmira, NY.
What is the lease rate?
The lease rate is $1,100/Mo.
What are key features of this property?
This property features: Approximately 1,400 square feet of commercial space; Three office rooms, three storage rooms, and three entrances; Open‑concept area provides flexible workspace
More about this property
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