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    2070 Lake Rd Elmira, NY 14903

    For Sale
    $1,389,000

    57,000 SF Warehouse, Excellent Location

    Property size:
    57,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 57,000-square-foot industrial property, located at 2070 Lake Road in Elmira, New York (zip code 14903), presents a compelling investment opportunity. Currently vacant, this Class B building, constructed between 1947 and 1976, sits on a 3-acre lot and offers a versatile layout ideal for various uses. The property features one single-story building with four at-grade doors and two loading docks, making it highly functional for distribution and warehousing operations. The interior includes ample office space, a substantial warehouse area, a dedicated shop area (currently under separate lease), and additional garage space. The building is zoned for business use and has a history of serving as both a warehouse and retail space for a building supply company. Its prime location on Lake Road, just minutes from I-86, ensures high visibility and convenient access to major transportation routes. The asking price is $1,389,000, translating to $24.37 per square foot. This presents a rare chance to acquire a well-situated, spacious industrial property with significant potential for diverse business applications. The high-traffic location and flexible space make this an ideal owner-user opportunity or a strong investment for multi-tenant occupancy. The existing lease on the shop area provides immediate income potential.

    Property Features for 2070 Lake Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    57,000 SF
    Class
    B
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1947
    Buildings
    1
    Stories
    1

    HighLights

    • 57,000 SF industrial building on 3 acres in Elmira, NY (14903).
    • Class B building, built 1947‑1976, currently vacant.
    • Features four at‑grade doors and two loading docks.
    • Includes office space, warehouse, shop area (under separate lease), and garage space.
    • $1,389,000 asking price ($24.37/SF), prime Lake Road location near I‑86.
    Property Profile Location Intelligence

    Current Use by Public Records

    Providence Electric LLC Electrician Armor Building Supply Building Materials Store

    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
    -76.8100136
    Latitude
    42.1282686

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    FAQs

    What type of property is this?
    Manufacturing property - 57,000 SF Warehouse, Excellent Location
    Where is this manufacturing property located?
    The property is located at 2070 Lake Rd Elmira, NY.
    What is the asking price?
    The asking price for this property is $1,389,000.
    What are key features of this property?
    This property features: 57,000 SF industrial building on 3 acres in Elmira, NY (14903).; Class B building, built 1947-1976, currently vacant.; Features four at-grade doors and two loading docks.
    Request Owner's contact information
    2070 Lake Rd 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
    2070 Lake Rd Elmira, NY 14903
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