Property profile

112 1st St Elmira, NY 14901

OFF-MARKET
Turn key restaurants
Property ID
US63-2733859
3,266 SF 0.34 ac lot Built 1949
Individually Owned 8-yr Hold Free & Clear
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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

Location

112 1st St Elmira, NY 14901
Elmira metro Census 700 ELMIRA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2017
1 recorded transaction
2017
$500

Zoning & alternative use

UMU · Elmira, NY
General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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