Philo Rd Elmira, NY 14903
- Land
- 28.38 lot acres
Current Use by Public Records
- Land
Property Details for 0 Philo Rd
- Lot size
- 28.38 lot acres
- Property type
- Land
Description
This exceptional 28.38-acre parcel of land presents a unique opportunity for industrial development in Elmira, New York. Strategically located on a quiet, dead-end section of Philo Road West, this property offers significant advantages for businesses seeking a private and expansive location. The site boasts existing infrastructure, including a 10-inch water line and an 8-inch sewer line, simplifying the development process. Its proximity to a NYSEG substation ensures reliable power access. The property encompasses tax parcels 1.2 and 2.1, as detailed on the tax map. While existing structures are not suitable for reuse and will require demolition, this presents a blank canvas for a custom-built facility. Currently zoned for agricultural use, the property is undergoing re-zoning to accommodate manufacturing, opening doors to a wide range of industrial applications. Furthermore, the location offers potential access to incentives from the Empire State Development Corporation and the Chemung County Industrial Development Agency, potentially reducing development costs. This prime location in Chemung County, with its convenient access to transportation routes and a skilled workforce, makes this a compelling investment opportunity for discerning industrial developers. The asking price for this substantial land holding is $425,700. The zip code is 14903.
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
- -76.8425
- Latitude
- 42.1564
