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    OFF-MARKET
    Restaurants

    161 Prescott Ave Elmira Hts, Elmira, NY 14903

    1.69 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial lease opportunity presents a 3,670 square-foot restaurant space located in Suite 1 of the historic Ward LaFrance building in Elmira Heights, New York. Previously a Papa John's, this turnkey property is ideally suited for a variety of culinary ventures, including pizzerias, full-service restaurants, catering businesses, or even a culinary teaching space. The space boasts a large, clean kitchen featuring ample prep space, triple sinks with automated soap and disinfectant dispensers, multiple hand wash stations, and a Middleby Marshall dual pizza oven with overhead hood. A substantial walk-in cooler with dual entrances ensures efficient food storage. The dining area comfortably seats 45 patrons. Additional features include a spacious lobby, two restrooms, water fountains, and a wet utility closet. Situated on 1.69 acres of land in a commercially zoned area of Chemung County (zip code 14903), the property offers convenient access to other businesses and amenities, along with ample parking. This ready-to-occupy space provides an excellent foundation for a thriving food-related enterprise. The property is located at 161 Prescott Ave, Elmira Heights, NY.

    Property profile
    Verified
    Property type Restaurants
    Lot 1.69 ac (73,616 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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