Individually Owned Property summary
The property is a former bar and restaurant facility in Elmira, New York, consisting of approximately 6,000+ square feet of building area and located on a 0.1554-acre lot. The first floor covers just over 3,000 square feet and includes a large bar area with seating, space designed for entertainment activities, a sizable bar top, cold storage, a kitchen, two bathrooms, and an additional room that can function as a game room or for private gatherings. The building is configured with included restaurant/bar equipment. Parking is provided via an on-site parking lot at 554 S. Main St., and there is additional parking space behind the building that could be repurposed for outdoor seating. The lot is zoned COM, and the building is suitable for uses such as retail, a liquor store, or a dispensary.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
BA · Elmira, NY250.6.1 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,…
Zoning
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Zoning designation
Official district profile
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,…
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