2070 Lake Rd Elmira, NY 14903
- Warehouses
- 57,000 SF
- 3.00 lot acres
Current Use by Public Records
- Providence Electric LLC / Electrician
- Armor Building Supply / Building Materials Store
Property Details for 2070 Lake Rd
- Year built
- 1947
- Lot size
- 3.00 lot acres
- Property size
- 57,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elmira
- County
- Chemung
- State
- New York
- Longitude
- -76.81
- Latitude
- 42.1283
