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    301 Washington St Elmira, NY 14901

    Sponsored
    For Sale
    $495,000

    1.96-acre development site, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.96-acre commercial and residential land parcel presents a unique development opportunity in the heart of Elmira, New York. Located at 301 Washington Street, this shovel-ready site boasts frontage along three streets and offers convenient access to vital infrastructure. Public utilities are readily available on-site, simplifying the development process. The property is zoned Gateway Commercial: BG, allowing for a diverse range of projects, including residential, commercial, or mixed-use developments. Its strategic location places it in close proximity to St. Joseph's Hospital, Elmira College, and Interstate 86, ensuring high visibility and accessibility. The property's APN is 89.16-6-1, and it is owned by 1093 Group, LLC. This prime location and versatile zoning make this a highly attractive investment for developers seeking a strategic foothold in a thriving community. The asking price for this significant parcel is $495,000. This represents a compelling opportunity to capitalize on the growing demand for both residential and commercial spaces in Elmira, NY. Don't miss this chance to acquire a truly exceptional development site.

    Property Features for 301 Washington St

    General Information

    Property type
    Land
    Lot Size
    85,378 SF

    HighLights

    • Shovel‑ready site, ready for immediate development.
    • Triple street frontage providing excellent visibility and access.
    • Public utilities readily available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.797264449556
    Latitude
    42.094621277155

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    FAQs

    What type of property is this?
    Land - 1.96-acre development site, prime location.
    Where is this land located?
    The property is located at 301 Washington St Elmira, NY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Shovel-ready site, ready for immediate development.; Triple street frontage providing excellent visibility and access.; Public utilities readily available on-site.
    Request Owner's contact information
    301 Washington St Elmira, NY 14901
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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
    301 Washington St Elmira, NY 14901
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