1346 Elmira Rd Newfield, NY 14867-9265
- Turn key restaurants
- 3,816 SF
- 2.67 lot acres
Current Use by Public Records
- Louella's Space / Event Venue
Property Details for 1346 Elmira Rd
- Year built
- 2005
- Lot size
- 2.67 lot acres
- Property size
- 3,816 SF
- Property type
- Turn key restaurants
- APN
- 503400 4.-1-53.24
- APU
- 503400415324
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $330,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $340,000
- Mixed-Use
- $345,000
- Hospitality
- $340,000
- Educational
- $285,000
- Residential Income
- $340,000
- Energy
- $350,000
- Income-Based Land
- $355,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Newfield
- County
- Tompkins
- State
- New York
- Longitude
- -76.5719
- Latitude
- 42.3827
- CBSA code
- 27060
- CBSA name
- ITHACA, NY METROPOLITAN STATISTICAL AREA