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    Property profile & analytics
    OFF-MARKET Estimated value $515,000
    Investment properties

    601-603 Church St, Elmira, NY 14901

    8,934 SF 0.81 ac lot Built 1990
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US63-0334894
    Property summary
    AI-generated overview

    This 8,934 square foot free-standing medical office building in Elmira, NY, is available for sale at $500,000 ($55.97/sq ft). Recently renovated for medical use, the property boasts a highly visible corner location with two points of access, offering excellent "retail" exposure. Situated directly across from Arnett Health St. Joseph's Hospital Campus and minutes from I-86, this location provides exceptional convenience and accessibility. The building features a recently renovated exterior, ample parking (38 spaces), and a prominent monument sign. The interior is adaptable, presenting an opportunity for conversion to flex warehouse space with grade-level access. The modified lease terms offer flexibility for potential buyers or tenants. This property represents a unique opportunity to acquire a well-maintained, strategically located medical office building in a thriving area of Elmira, New York, within Chemung County, zip code 14901. The building's recent improvements and prime location make it an attractive investment for both medical professionals and investors seeking a strong return. The property is situated at 601-603 E Church St.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1990
    Total area 8,934 SF
    Lot 0.81 ac (35,143 SF)
    Zoning code UMU
    APN 070400 89.16-6-70
    UPID US63-0334894
    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
    AI Approach AI
    $525k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $636k
    Blend (final) Blend
    $515k
    Owner & transaction history
    Prilend Funding LLC · 2 yrs held
    Prilend Funding LLC
    since 2024
    Last sale
    $450,000
    4 recorded transactions
    2024
    $600,000
    2018
    $525,000
    2017
    2017
    $485,000
    Zoning & alternative use
    UMU · Elmira, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $600,000 +41.9%
    Restaurant $575,000 +36.4%
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