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Property profile & analytics
FOR LEASE
Investment properties

1011 College Ave Elmira, NY 14901

5,961 SF 0.79 ac lot Built 2007
Individually Owned 19-yr Hold Free & Clear
Property ID
US63-0126155
Property summary
AI-generated overview

This exceptional retail opportunity is located at 1011 College Ave in Elmira, NY. The property is a 6,151 square foot strip center situated on a 0.8-acre lot, offering a prime location within a thriving community. Currently, 4,686 square feet of space is available for lease, divisible into units as small as 1,465 square feet, with a maximum contiguous space of 4,686 square feet. The property boasts 39 parking spaces, ensuring ample convenience for customers and employees. Its modern design and high visibility make it an ideal location for a variety of retail or service-based tenants. The property benefits from excellent signage and branding potential, allowing businesses to create a strong visual presence. Its convenient access to major roadways ensures easy accessibility for customers and employees alike. This is a rare opportunity to establish a business in a highly desirable location with strong community presence and significant foot traffic potential. The customizable floor plans offer flexibility to suit a range of business needs. Don't miss this chance to capitalize on this prominent location and become part of a bustling commercial community in the heart of Elmira.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2007
Total area 5,961 SF
Lot 0.79 ac (34,400 SF)
Zoning code BA1
APN 070400 89.10-2-24
UPID US63-0126155
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$750k
Comparable Approach Comparable
$425k
Blend (final) Blend
$545k
Owner & transaction history
Family Video Movie Club I · 19 yrs held
Family Video Movie Club I
since 2006
1 recorded transaction
2006
$170,000
Zoning & alternative use
BA1 · Elmira, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $400,000 +41.9%
Restaurant $385,000 +36.4%
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More about this property
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