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    89 Fisherville Rd Elmira, NY 14903

    Sponsored
    For Sale
    $2,950,000

    7.36-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.36-acre commercial land parcel presents a prime development opportunity in Elmira, New York. Located at 89 Fisherville Road (APN 58.03-1-19), this property boasts a highly visible location, benefiting from proximity to major transportation arteries. The site is zoned BR and offers excellent visibility from Interstate 86 (37,902 AADT in 2019) and County Route 64 (13,477 AADT in 2019), situated conveniently between I-86 exits 51A and 52A. Existing infrastructure, including a common service road, facilitates the potential division of the parcel into smaller lots. The property's strategic location places it near significant commercial hubs, including Southern Tier Crossing, Consumer Square, Target Plaza, numerous auto dealerships, Arnot Mall, and a variety of restaurants and hospitality businesses. This makes it suitable for a wide range of commercial or retail developments. The seller is open to considering ground lease options. This is a rare opportunity to acquire a substantial, well-located parcel in a thriving commercial area. The asking price is $2,950,000.

    Property Features for 89 Fisherville Rd

    General Information

    Property type
    Land
    Lot Size
    320,602 SF

    HighLights

    • $2,950,000 asking price.
    • 7.36‑acre commercial land parcel.
    • BR zoning.
    • Located at 89 Fisherville Rd, Elmira, NY 14903 (APN 58.03‑1‑19).
    • High visibility from I‑86 and County Route 64, near major roadways and retail centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.867306879831
    Latitude
    42.155776467814

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    FAQs

    What type of property is this?
    Land - 7.36-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 89 Fisherville Rd Elmira, NY.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: $2,950,000 asking price.; 7.36-acre commercial land parcel.; BR zoning.
    Request Owner's contact information
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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
    89 Fisherville Rd Elmira, NY 14903
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