1011 College Ave Elmira, NY 14901
- Investment properties
- 5,961 SF
- 0.79 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1011 College Ave
- Year built
- 2007
- Lot size
- 0.79 lot acres
- Property size
- 5,961 SF
- Zone code
- BA1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 070400 89.10-2-24
- APU
- 704008910224
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $815,000
- 6.5%
- $750,000
- 7%
- $695,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $424,000
- AI Estimate
- $725,000
Market price range: $141k - $425kMarket price range: $191k - $726k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $400,000
- RESTAURANT
- $385,000
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Location Insight
- Map
- Local Demand
- City
- Elmira
- County
- Chemung
- State
- New York
- Longitude
- -76.8172
- Latitude
- 42.1014
- CBSA code
- 21300
- CBSA name
- ELMIRA, NY METROPOLITAN STATISTICAL AREA