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    1025 County Road 64 Elmira, NY 14903

    Sponsored
    For Sale
    $3,200,000

    6.88 Acres, Business Regional Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 6.88-acre commercial land parcel presents a remarkable development opportunity in Elmira, New York. Located at 1025 County Rd 64, Chemung County, zip code 14903, this property is zoned Business Regional, offering unparalleled versatility for a wide range of commercial ventures. The expansive lot size provides ample space for ambitious projects. Permitted uses under the Business Regional zoning include, but are not limited to, restaurants, convenience stores, fitness centers, hotels/motels, shopping malls, plazas, retail establishments, office spaces, and vehicle rental, repair, and sales facilities. The property's strategic location in Elmira offers excellent visibility and accessibility, making it an ideal site for businesses seeking to establish a strong presence in a thriving community. The asking price for this exceptional development opportunity is $3,200,000. This is a rare chance to acquire a significant commercial land holding with substantial potential for future growth and profitability. Don't miss this opportunity to secure a prime piece of Elmira real estate.

    Property Features for 1025 County Road 64

    General Information

    Property type
    Land
    Lot Size
    299,693 SF

    HighLights

    • 6.88‑acre commercial land parcel in Elmira, NY.
    • Located at 1025 County Rd 64, Chemung County, 14903.
    • Zoned Business Regional, allowing diverse commercial uses.
    • Asking price: $3,200,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Hair Salon Wholesale Shop 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
    -76.864936907804
    Latitude
    42.156902526697

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    FAQs

    What type of property is this?
    Land - 6.88 Acres, Business Regional Zoning, Prime Location
    Where is this land located?
    The property is located at 1025 County Road 64 Elmira, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 6.88-acre commercial land parcel in Elmira, NY.; Located at 1025 County Rd 64, Chemung County, 14903.; Zoned Business Regional, allowing diverse commercial uses.
    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
    1025 County Road 64 Elmira, NY 14903
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