Property profile

303 N Main St Elmira, NY 14901

FOR LEASE
Strip malls
Property ID
US63-3384798
40,233 SF 2.5 ac lot Built 1975
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Langdon Plaza, a single-story, 40,230 square foot building located at 303 N Main St, Elmira, NY 14901, offers exceptional office space opportunities. This prime retail and office property sits on 2.58 acres of land and features 125 parking spaces, providing ample convenience for tenants and their clients. The building is zoned for Central Business District use and boasts a strong mix of co-tenants including BOCES, Famous Shoes, and several other established businesses. The property offers multiple suites, with a minimum divisible space of 4,900 square feet and a maximum contiguous space of 6,400 square feet

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Total area 40,233 SF
Lot 2.5 ac (108,900 SF)
Zoning code CBD
APN 070400 89.19-2-12
UPID US63-3384798

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
  • Pharmacy
  • Restaurant
  • Loan Service
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Location

303 N Main St Elmira, NY 14901
Elmira metro Census 700 ELMIRA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$660k
Blend (final) Blend
$660k

Owner & transaction history

since 2019
1 recorded transaction
2019
$240,000

Zoning & alternative use

CBD · Elmira, NY
Zoning description

This district is intended to create, preserve and enhance the Elmira Central Business District as a regional center of shopping, employment, offices, hotels and motels, government, banking, investment and financial servi…

General category CIVIC_INSTITUTIONAL

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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More about this property
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