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Property profile & analytics
FOR LEASE
Manufacturing properties

1051 S Main St Elmira, NY 14904

285,584 SF 47.72 ac lot Built 1943
Entity Owned 20-yr Hold Free & Clear
Property ID
US63-0024761
Property summary
AI-generated overview

This exceptional Elmira, NY industrial property, the Southern Tier Commerce Center, offers a unique opportunity. Comprising approximately 373,000 rentable square feet across 48 acres, this Class B manufacturing campus boasts a rich history. Originally constructed during World War II by the U.S. Government for the production of the Norden bombsight, the main building, known as the "N-Plant," features robust construction. Its 18-inch thick steel-reinforced concrete roof exemplifies its durable design. The property offers multiple spaces available, ranging in size from 1,837 to 88,200 square feet, catering to diverse business needs. Strategically located, it enjoys convenient access to major transportation arteries. The Clemens Center Parkway (Route 14) is just 8/10 of a mile away, and Interstate 86 (former Route 17) is approximately 2.5 miles distant. Adding to its logistical advantages, the Norfolk Southern Rail line runs directly adjacent to the site. The property is zoned for industrial use and features a single-story building. This is a rare opportunity to acquire a substantial, historically significant industrial property with excellent infrastructure and accessibility.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1943
Total area 285,584 SF
Lot 47.72 ac (2,078,683 SF)
Zoning code RT
APN 073600 99.20-1-74.1
UPID US63-0024761
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
Current use
Occupant on record · Public records
  • Hurricane Home Solutions Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.34M
Owner & transaction history
Nter, LLC Southern Tier Commerce Ce · 20 yrs held
Nter, LLC Southern Tier Commerce Ce
since 2005
1 recorded transaction
2005
$11,000
Zoning & alternative use
RT · Elmira, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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