1575 Lk St, Elmira, NY 14901-1257
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
IA · Elmira, NYElmira. Always verify with local authorities before improvements.
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.