2447 Corning Rd Elmira, NY 14903
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Fresh Start Church / Church
Property Details for 2447 Corning Rd
- Lot size
- 2.00 lot acres
- Property size
- 6,250 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Elmira
- County
- Chemung
- State
- New York
- Longitude
- -76.8323
- Latitude
- 42.1473
