Property profile

202 14th St Elmira Heights, NY 14903

OFF-MARKET
Theaters & concert halls
Property ID
US63-3336207
7,746 SF 0.23 ac lot Built 1950
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1950
Total area 7,746 SF
Lot 0.23 ac (10,000 SF)
Zoning code 05 - COMMERCIAL
APN 073403 69.17-5-31
UPID US63-3336207

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

202 14th St Elmira Heights, NY 14903
Elmira Heights metro Census 10800 ELMIRA, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2008
$99,900
2008
$150,800

Zoning & alternative use

05 - COMMERCIAL · Elmira Heights, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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