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    424 Main St Elmira, NY 14904

    Sponsored
    For Sale
    $5,800,000
    Property size:
    14,820 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 424 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,820 SF
    Lot Size
    75,794 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Investment‑grade Walgreens (Nasdaq: WBA, S&P BBB) NNN lease.
    • 14,820 SF building on 1.74 acres at 424 South Main Street, Elmira, NY 14901.
    • NNN lease; tenant responsible for all repairs and maintenance.
    • 100% fee‑simple ownership.
    • 16‑year lease term remaining, expiring April 30, 2033, with renewal options extending to 2083.
    • Current annual base rent/NOI: $364,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.803019787356
    Latitude
    42.078068214741

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    FAQs

    Where is this individual retail property located?
    The property is located at 424 Main St Elmira, NY.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: Investment-grade Walgreens (Nasdaq: WBA, S&P BBB) NNN lease.; 14,820 SF building on 1.74 acres at 424 South Main Street, Elmira, NY 14901.; NNN lease; tenant responsible for all repairs and maintenance.
    Request Owner's contact information
    424 Main St Elmira, NY 14904
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    424 Main St Elmira, NY 14904
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