1344 College Ave 1350 Elmira, NY 14901

This exceptional investment opportunity presents a fully occupied, multi-tenant industrial property located at 1344 College Ave, Elmira, NY 14901. The property consists of two buildings totaling 16,990 square feet on a 1.25-acre lot, zoned General Commercial. The property features three leased units, including 9,250 square feet of warehouse/distribution space with two loading docks and 20-foot ceilings, and 7,740 square feet of retail/flex space with prominent College Avenue (NY Route 14) frontage. The property boasts 100% occupancy with a strong NOI of $67,000, resulting in a 9.12% cap rate. The asking price is $735,000, or $245,000 per unit. Leases are modified gross with rent bumps included. The property includes a neighboring single-family rental and an additional lot, offering potential for future expansion. Conveniently located on a primary north-south corridor between Elmira and Horseheads, with easy access to Clemens Center Parkway and Interstate 86. The buildings are fully sprinklered and feature a pylon sign and ample parking. The owner maintains flood insurance. Note that the provided tax data reflects the combined parcels (APN: 79.18-3-5, 7, 8). A signed confidentiality agreement and review of financials are required before showings.