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Property profile & analytics

1346 Elmira Rd Newfield, NY 14867-9265

  • Turn key restaurants
  • 3,816 SF
  • 2.67 lot acres
OFF-MARKET
Value Estimation
$355,000
Last Sale
Aug 26, 2020
$285,000
Location Intelligence
Property ID
US63-5202134
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$26,700
$258,300
$285,000
-
$26,700
$258,300
$285,000
More about this property
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