1346 Elmira Rd, Newfield, NY 14867-9265
This exceptional 4,550-square-foot warehouse, situated on a 3-acre lot in Tompkins County, presents a remarkable opportunity for a variety of businesses. Built in 2003, the single-story structure boasts a recently remodeled and renovated interior, featuring a functional open space ideal for diverse uses. The property includes a full bar, a large, fully equipped kitchen, and a private backroom with a bathroom – perfect for events or hospitality businesses. A separate side entrance caters to delivery and catering services, enhancing operational efficiency. The expansive covered outdoor area provides additional space for customer enjoyment or special events. Ample on-site surfaced parking accommodates 25 vehicles. The property benefits from a highly visible location, offering excellent accessibility and exposure. Two convenient entrance/exit points ensure smooth traffic flow. The zoning is commercial, and the property consists of two buildings. This turnkey space is ready for immediate occupancy. The property is conveniently located just 10 minutes from Ithaca, offering easy access to a thriving community. This is a rare opportunity to acquire a versatile and well-equipped commercial property in a desirable location. The vacant 4,550 square feet offers significant potential for customization and expansion. The cross street is 134.
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Louella's Space Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.