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Property profile & analytics
FOR LEASE
Manufacturing properties

1140 Sullivan St Elmira, NY 14901

82,162 SF 5.3 ac lot Built 1973
Entity Owned 7-yr Hold Free & Clear
Property ID
US63-3237052
Property summary
AI-generated overview

This exceptional 86,892 square foot creative office building in Elmira, NY, offers 10,700 square feet of immediately available space, divisible to a minimum of 3,100 square feet. The single-story building, zoned Light Industrial (APN 79.19-7-4), boasts a flexible design adaptable to various business needs. Multiple space configurations are possible, allowing for customization to suit specific requirements. The space is move-in ready, featuring a blend of private offices, open work areas, conference/training rooms, a break room, and restrooms. Abundant natural light streams in through numerous windows. Turnkey options include existing office furniture and cubicles. Convenient on-site parking is available at the front door. Lease rates are highly competitive, starting at $4.95 per square foot, NNN, with net and utility costs estimated at $2.00 per square foot. The owner is open to renovating the space into a flex/shop configuration, including the addition of an overhead door, to meet specific tenant needs. This prime location presents a unique opportunity for businesses seeking high-quality, adaptable office space in Elmira.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1973
Total area 82,162 SF
Lot 5.3 ac (230,868 SF)
Zoning code IA
APN 070400 79.19-7-4
UPID US63-3237052
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
  • ABC Supply Co., Inc. Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$1.03M
Owner & transaction history
Cayuga 84 Props LLC · 7 yrs held
Cayuga 84 Props LLC
since 2019
1 recorded transaction
2019
$900,000
Zoning & alternative use
IA · Elmira, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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