2447 Corning Rd Elmira, NY 14903

This exceptional 6,250-square-foot retail property, formerly a Ponderosa Steakhouse, presents a unique investment opportunity in Elmira, New York. Located at 2447 Corning Rd, this single-story building sits on a 2.004-acre lot with 203 feet of road frontage on NY State Route 14, offering tremendous visibility and accessibility. The property boasts a large open floor plan ideal for various uses, complemented by an adjoining banquet or meeting room. Ample parking is available with paved space for 84 cars, and additional expansion potential exists on the adjacent undeveloped land. A prominent roadside pylon sign enhances visibility. The property's strategic location along a primary commercial corridor, near a regional retail hub and I-86, ensures high traffic volume. The current tenant is a church, operating under a modified gross lease with annual increases. Importantly, the seller retains the right to terminate the lease upon sale. The property comprises two parcels (APN: 69.05-1-32.1 & 69.05-1-32.2) and is zoned PUD, Res A. The asking price is $655,000, translating to $104.80 per square foot. Tax data reflects the combined parcels. This property offers significant potential for a variety of commercial ventures.