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    112 1St St Elmira, NY 14901

    Sponsored
    For Sale
    $365,000

    Prime Downtown Elmira Bar/Restaurant

    Property size:
    3,752 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,752 sq ft single-tenant building in downtown Elmira, NY, is for sale at $365,000. Located near the Clemens Center and Arena, it boasts a prime location within a 10-mile radius of 78,868 people and an AADT of 6,000-15,000. The property, built in 1949 and featuring one story, has undergone significant updates including new windows and a new roof. The interior showcases beautiful brick and woodwork, high ceilings with exposed wooden beams, and a fully equipped kitchen in excellent working condition. All equipment, furnishings, fixtures, and a delivery vehicle are included in the sale, presenting a turnkey opportunity for a new owner-operator. The building's commercial restaurant zoning and its proximity to numerous businesses and shopping options make it an ideal location. This property is zoned for commercial restaurant use. The building's attractive features, combined with its strategic location and included equipment, make this a compelling investment opportunity. Don't miss this chance to own a thriving downtown establishment.

    Property Features for 112 1St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,752 SF

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $365,000 asking price for this owner‑user retail investment opportunity.
    • 3,752 square foot, single‑tenant building located at 112 W 1st St, Elmira, NY 14901.
    • The property features a former bar/restaurant space with a fully equipped kitchen.
    • Building improvements include a new roof and windows.
    • Located in downtown Elmira, NY, near the Clemens Center and Arena, with high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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
    -76.8078731
    Latitude
    42.0911637

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Elmira Bar/Restaurant
    Where is this individual retail property located?
    The property is located at 112 1St St Elmira, NY.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: $365,000 asking price for this owner-user retail investment opportunity.; 3,752 square foot, single-tenant building located at 112 W 1st St, Elmira, NY 14901.; The property features a former bar/restaurant space with a fully equipped kitchen.
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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
    112 1St St Elmira, NY 14901
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