Property profile

161 Prescott Ave Elmira Hts Elmira, NY 14903

OFF-MARKET
Restaurants
1.69 ac lot
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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

Location

161 Prescott Ave Elmira Hts Elmira, NY 14903
Elmira metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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