Property profile

2070 Lake Rd Elmira, NY 14903

OFF-MARKET
Warehouses
57,000 SF 3 ac lot Built 1947
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Electrical Service General Contractor
  • Big Box & Wholesale Store Building Supply

Location

2070 Lake Rd Elmira, NY 14903
Elmira metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2070 Lake Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message