Property summary
This exceptional 7,746 square foot, two-story commercial property, located at 202 E 14th St, Elmira Heights, NY 14903, presents a unique investment opportunity. Currently vacant, this Class B building, previously operating as the Heights Theater, sits on a 0.23-acre lot (APN 69.17-5-31) and is zoned C-1 Business, allowing for diverse uses. The asking price is $195,000, translating to $25.17 per square foot. The building's rich history as a movie theater offers a strong foundation for a variety of ventures. Its large stage and ample space are ideal for a restaurant, brew pub, bar, or retail establishment, in addition to its original purpose. The property's prominent location within the Elmira Heights Business District ensures high visibility and accessibility. While the building is currently vacant, its potential is undeniable, making it an attractive proposition for savvy investors seeking a high-impact project. Separate negotiations can be made for the purchase of existing equipment. This is a chance to revitalize a landmark property and capitalize on its significant potential within a thriving community. The property's previous occupancy was 684.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Elmira Heights, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Elmira Heights, NY.
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