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Property profile & analytics
OFF-MARKET
Commercial real estate

220 Franklin St Elmira, NY 14904

Built 1952
Property ID
US63-2406721
Property summary
AI-generated overview

This remarkable 8,000+ square foot building at 220 Franklin Street in Elmira, NY, presents a unique investment opportunity. Originally constructed in the late 1800s as St. Mary's Convent, this historically significant property has served various purposes, most recently as the headquarters for Glove House of Elmira. The building is in excellent condition and offers significant potential for a variety of uses. The first floor encompasses 3,975 square feet and features nine separate office/meeting rooms, three bathrooms, and an eat-in kitchen. The largest meeting room measures an impressive 22.7 x 47.6 feet. The second floor, totaling 4,091 square feet, provides 21 individual office/room spaces and three additional bathrooms. The property also includes a full basement, offering ample storage space. With its substantial size, versatile layout, and prime Elmira location, this property is ideally suited for immediate rental income generation through office space and storage rentals. The competitively priced offering makes this a compelling investment prospect for those seeking a substantial and historically significant property with high earning potential. Don't miss this chance to acquire a piece of Elmira's history and capitalize on its future.

Property profile
Verified
Property type Commercial real estate
Year built 1952
UPID US63-2406721
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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