Property profile

2447 Corning Rd Elmira, NY 14903

FOR SALE
Conventional restaurants
Property ID
US63-Q001745
6,250 SF
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Property summary

AI-generated overview

6,250 SF former Ponderosa Restaurant property. Currently leaed as a chuch. Seller has right to terminate existing lease in the event of a sale.Two parcel assemblage totaling 2+ acres. 203’ of road frontage on NYS Rt. 14. Large open floor plan with adjoining banquet/meeting room. Paved parking for 84 cars with room for expansion on adjoining undeveloped lot. Large roadside pylon sign. Tremendous visibility along primary commercial corridor, close to area’s regional retail hub and I-86. Tax data is for combined parcels. Listing Agenti is an officer & shareholder of Seller.

Property profile

Verified
Property type Conventional restaurants
Total area 6,250 SF
UPID US63-Q001745

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Church

Location

2447 Corning Rd Elmira, NY 14903
Elmira metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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