Property profile

504 Pennsylvania Ave Elmira, NY 14904

OFF-MARKET
Investment properties
Property ID
US63-5233026
4,324 SF 0.38 ac lot Built 1953
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,100 square foot traditional office space in Elmira, New York, is perfectly suited for a single tenant. Located at 504 Pennsylvania Ave, 14904, this property offers a versatile layout ideal for various business needs. The space includes two private offices, providing a quiet and productive environment for individual work or executive functions. A spacious open area office, easily adaptable with a divider, offers flexibility for team collaboration or individual workstations. A dedicated conference room facilitates meetings and presentations, while a convenient break room provides a comfortable space for employees to relax. Two restrooms ensure ample facilities for staff and clients. Beyond the core office space, a large open room offers significant potential for customization, allowing businesses to tailor the space to their specific requirements. Parking is readily available, with 1 to 7 spaces provided. This well-appointed office space presents a fantastic opportunity for businesses seeking a functional and comfortable workspace in a desirable Elmira location. The dimensions of the large open room are 46 feet by 20 feet. This property is ready for immediate occupancy.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1953
Total area 4,324 SF
Lot 0.38 ac (16,650 SF)
Zoning code BA
APN 070400 99.11-10-14
UPID US63-5233026

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
  • Printing Equipment Supplier Copy Shop
  • Hospital
  • Training Center
  • Garden Center

Location

504 Pennsylvania Ave Elmira, NY 14904-1773
Elmira metro Census 1000 ELMIRA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2023
Last sale
$135,000
2 recorded transactions
2023
$135,000
2020
$87,000

Zoning & alternative use

BA · Elmira, NY
Zoning description

250.6.1 Business A-I Intent. [Neighborhood Commercial - I] (Ord. No. 2005-349 dated 10/3/05) The intent of this district is the same as the inte nt and description set forth under section 250.6, Business A, except bars,…

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 504 Pennsylvania Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message