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    OFF-MARKET
    Warehouses

    2070 Lake Rd, Elmira, NY 14903

    57,000 SF 3 ac lot Built 1947
    Property ID
    Property summary
    AI-generated overview

    This exceptional 57,000-square-foot industrial property, located at 2070 Lake Road in Elmira, New York (zip code 14903), presents a compelling investment opportunity. Currently vacant, this Class B building, constructed between 1947 and 1976, sits on a 3-acre lot and offers a versatile layout ideal for various uses. The property features one single-story building with four at-grade doors and two loading docks, making it highly functional for distribution and warehousing operations. The interior includes ample office space, a substantial warehouse area, a dedicated shop area (currently under separate lease), and additional garage space. The building is zoned for business use and has a history of serving as both a warehouse and retail space for a building supply company. Its prime location on Lake Road, just minutes from I-86, ensures high visibility and convenient access to major transportation routes. The asking price is $1,389,000, translating to $24.37 per square foot. This presents a rare chance to acquire a well-situated, spacious industrial property with significant potential for diverse business applications. The high-traffic location and flexible space make this an ideal owner-user opportunity or a strong investment for multi-tenant occupancy. The existing lease on the shop area provides immediate income potential.

    Property profile
    Verified
    Property type Warehouses
    Year built 1947
    Total area 57,000 SF
    Lot 3 ac (130,680 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
    • Providence Electric LLC Electrical Service General Contractor
    • Armor Building Supply Big Box & Wholesale Store Building Supply
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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