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    1051 Main St Elmira, NY 14904

    Sponsored
    For Lease
    $11,400 /Mo ($0.37 SF/Yr)

    Multiple spaces, 48 acres, rail access

    Lot size:
    373,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Elmira, NY industrial property, the Southern Tier Commerce Center, offers a unique opportunity. Comprising approximately 373,000 rentable square feet across 48 acres, this Class B manufacturing campus boasts a rich history. Originally constructed during World War II by the U.S. Government for the production of the Norden bombsight, the main building, known as the "N-Plant," features robust construction. Its 18-inch thick steel-reinforced concrete roof exemplifies its durable design. The property offers multiple spaces available, ranging in size from 1,837 to 88,200 square feet, catering to diverse business needs. Strategically located, it enjoys convenient access to major transportation arteries. The Clemens Center Parkway (Route 14) is just 8/10 of a mile away, and Interstate 86 (former Route 17) is approximately 2.5 miles distant. Adding to its logistical advantages, the Norfolk Southern Rail line runs directly adjacent to the site. The property is zoned for industrial use and features a single-story building. This is a rare opportunity to acquire a substantial, historically significant industrial property with excellent infrastructure and accessibility.

    Property Features for 1051 Main St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    373,000 SF
    Class
    B
    Total Rate
    11400

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Suite 9
    Size
    1,837 SF
    Rate per SF
    $11,400
    Space
    Available Suite 7
    Size
    2,000 SF
    Rate per SF
    $15,900
    Space
    Available Suite 3
    Size
    88,200 SF

    HighLights

    • 373,000 SF industrial building on 48 acres.
    • Multiple tenancies available, ranging from 1,837 SF to 88,200 SF.
    • Class B, single‑story building.
    • Located in Elmira, NY, with convenient access to Route 14 and I‑86.
    • Adjacent to Norfolk Southern Rail line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hurricane Home Solutions Electric Generator Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.7959805
    Latitude
    42.0651536

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    FAQs

    What type of property is this?
    Manufacturing property - Multiple spaces, 48 acres, rail access
    Where is this manufacturing property located?
    The property is located at 1051 Main St Elmira, NY.
    What is the lease rate?
    The lease rate is $0.00-$15,900 SF/Yr.
    What are key features of this property?
    This property features: 373,000 SF industrial building on 48 acres.; Multiple tenancies available, ranging from 1,837 SF to 88,200 SF.; Class B, single-story building.
    Request Owner's contact information
    1051 Main St Elmira, NY 14904
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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
    1051 Main St Elmira, NY 14904
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