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Property profile

719 Delaware Ave Elmira, NY 14904

OFF-MARKET
Commercial land
Property ID
US63-1590827
View Sample
4 ac lot
Individually Owned 28-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional four-acre parcel presents a unique investment opportunity in Elmira, New York. Strategically located at the Kinyon Street exit off Clemens Center Parkway, this property boasts exceptional visibility and accessibility. Zoned for light industrial use, the possibilities are numerous, catering to a wide range of commercial and residential developments. The site offers significant advantages, including readily available utilities such as electricity, gas, water, and sewer connections, simplifying the development process. Its convenient location provides easy access to Interstate 86 and the Pennsylvania border, further enhancing its appeal. Proximity to key institutions like LECOM, Arnot Hospital, and Elmira College adds to its strategic value, offering potential for synergistic development and a strong local workforce. The 719 Delaware Ave address in Chemung County, NY 14904, places this property within a thriving community, making it an attractive proposition for both investors and developers seeking a versatile and well-situated land parcel. The asking price is $425,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4 ac (174,240 SF)
Zoning code IA
APN 070400 99.15-8-48.2
UPID US63-1590827

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Zoning & alternative use

IA · Elmira, NY
Zoning description

110.70 Limited Light Industrial: Shall mean any light industrial use employing fewe r than twenty-five (25) persons. 110.71 Light Industrial: Shall mean any manufacturing or research establish ment which has limited exte…

General category INDUSTRIAL

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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