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    Property profile & analytics
    OFF-MARKET Estimated value $2,470,000
    Warehouses

    1575 Lk St, Elmira, NY 14901-1257

    160,346 SF 12.16 ac lot Built 1952
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US63-6213613
    Property summary
    AI-generated overview

    This exceptional industrial property in Elmira, NY, presents a significant leasing opportunity. Located just two miles from the I-86 interchange, this 255,000-square-foot warehouse sits on a 12.22-acre lot, offering unparalleled access to major transportation routes. The building, constructed in 1952, features a robust structure with cement slab floors and steel I-beams, ensuring durability and longevity. High ceilings, measuring 13 feet, provide ample vertical space for various industrial uses. The property boasts 12 elevated loading docks and overhead drive-through doors, facilitating efficient loading and unloading operations. An internal rail system further enhances its suitability for manufacturing and distribution. Three-phase electric power is readily available. The property includes approximately 18,000 square feet of office space and approximately 5,000 square feet of high-bay warehouse space, in addition to the main warehouse. The property is zoned for industrial use and is situated in Chemung County. This versatile space is ideal for a wide range of industrial applications, making it a truly remarkable investment opportunity. The property is currently vacant and ready for immediate occupancy.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1952
    Total area 160,346 SF
    Lot 12.16 ac (529,690 SF)
    Zoning code IA
    APN 070400 79.15-1-3
    UPID US63-6213613
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.61M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.37M
    Blend (final) Blend
    $2.47M
    Owner & transaction history
    1575 Lake Street Of Ny Ll · 3 yrs held
    1575 Lake Street Of Ny Ll
    since 2023
    Last sale
    $2.5M
    2 recorded transactions
    2023
    $2.5M
    2022
    Zoning & alternative use
    IA · Elmira, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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