Property summary
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
VerifiedCap rate & NOI
Current use
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Electrical Service General Contractor
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Big Box & Wholesale Store Building Supply
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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