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    340 Upper Oakwood Ave Elmira, NY 14903

    Sponsored
    For Lease
    $51 SF/Yr

    Multiple Manufacturing Spaces Available Now

    Lot size:
    102,986 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Victory Business Center offers exceptional industrial space for lease, perfect for a variety of manufacturing businesses. Currently, two spaces are available, ranging from 19,218 to 83,768 square feet. This Class B property is part of a larger distribution center totaling approximately 270,000 square feet, situated on a spacious 12.4-acre lot. The building boasts impressive features including 45 tailgate loading doors, ensuring efficient loading and unloading operations. Ceiling clear heights vary from 18 to 28 feet, providing ample vertical space for various manufacturing processes and storage needs. Recent renovations have significantly enhanced the property's appeal and functionality. These improvements encompass upgraded exterior aesthetics, a complete roof replacement and repair, modernized lighting and signage, interior demolition to create adaptable spaces, minor building system repairs, and enhancements to the dock doors and related equipment. The property's size and features make it an ideal location for businesses seeking a well-maintained and efficient manufacturing facility. The multiple tenancy structure allows for flexibility in space requirements. Inquire today to learn more about leasing opportunities at this prime industrial location.

    Property Features for 340 Upper Oakwood Ave

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    102,986 SF
    Class
    B

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    83,768 SF
    Rate per SF
    $51
    Space
    Available Space 1
    Size
    19,218 SF
    Rate per SF
    $51

    HighLights

    • Industrial property, multiple tenants.
    • Two available spaces ranging from 19,218 to 83,768 square feet.
    • Class B manufacturing building.
    • Approximately 270,000 square foot distribution center on 12.4 acres.
    • Features 45 tailgate loading doors and ceiling clear heights of 18' to 28'.
    • Recent renovations include exterior improvements, roof replacement, lighting and signage upgrades, interior demolition, and dock door enhancements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution Concepts Co Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.82546777
    Latitude
    42.13619596

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    FAQs

    What type of property is this?
    Manufacturing property - Multiple Manufacturing Spaces Available Now
    Where is this manufacturing property located?
    The property is located at 340 Upper Oakwood Ave Elmira, NY.
    What is the lease rate?
    The lease rate is $51 SF/Yr.
    What are key features of this property?
    This property features: Industrial property, multiple tenants.; Two available spaces ranging from 19,218 to 83,768 square feet.; Class B manufacturing building.
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    340 Upper Oakwood Ave Elmira, NY 14903
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    Elmira, NY 14903
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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
    340 Upper Oakwood Ave Elmira, NY 14903
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