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    OFF-MARKET
    Turn key restaurants

    112 1st St, Elmira, NY 14901

    3,266 SF 0.34 ac lot Built 1949
    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US63-2733859
    Property summary
    AI-generated overview

    This 3,752 sq ft single-tenant building in downtown Elmira, NY, is for sale at $365,000. Located near the Clemens Center and Arena, it boasts a prime location within a 10-mile radius of 78,868 people and an AADT of 6,000-15,000. The property, built in 1949 and featuring one story, has undergone significant updates including new windows and a new roof. The interior showcases beautiful brick and woodwork, high ceilings with exposed wooden beams, and a fully equipped kitchen in excellent working condition. All equipment, furnishings, fixtures, and a delivery vehicle are included in the sale, presenting a turnkey opportunity for a new owner-operator. The building's commercial restaurant zoning and its proximity to numerous businesses and shopping options make it an ideal location. This property is zoned for commercial restaurant use. The building's attractive features, combined with its strategic location and included equipment, make this a compelling investment opportunity. Don't miss this chance to own a thriving downtown establishment.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1949
    Total area 3,266 SF
    Lot 0.34 ac (14,630 SF)
    Zoning code UMU
    APN 070400 89.19-3-5
    UPID US63-2733859
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    State Of Ny - Nysdot · 8 yrs held
    State Of Ny - Nysdot
    since 2017
    1 recorded transaction
    2017
    $500
    Zoning & alternative use
    UMU · Elmira, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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