100 Main StElmira, NY 14901

For Sale
$1,800,000

Prime Elmira Office, High Cap Rate, Turnkey Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents Strathmont Plaza, a fully occupied, 47,280 square foot creative office building located at 100 N Main St, Elmira, NY 14901. Built in 1973, this four-story building sits on a 0.21-acre lot and is zoned for commercial use. The property currently houses approximately 70 office spaces, all leased to a variety of thriving local businesses, ensuring a consistent income stream. The building features updated mechanical systems, including newer furnaces and cooling towers, minimizing maintenance concerns for the new owner. Tenant access is secured via key fob entry. The asking price is $1,800,000, representing a compelling 9.60% capitalization rate. This turnkey investment is ideal for those seeking a well-maintained, income-producing asset with minimal operational overhead. The property's strong occupancy and updated systems promise a stable and profitable return on investment. This is a rare opportunity to acquire a significant commercial property in a desirable Elmira location. The property is offered as an owner-occupied sale.

Property Details for 100 Main St

Property type
Other office properties, Office space
Square Feet
47,280 SF
Year Built
1973
Buildings
1
Stories
4
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Elmira
County
Chemung
State
New York
Latitude
42.087900662562
Longitude
-76.807281039426
100 Main St, Elmira, New York
Leaflet | © OpenStreetMap contributors

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100 Main St
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