112 1st St, Elmira, NY 14901
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
UMU · Elmira, NYElmira. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.