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Property summary
The Knoll, a landmark property in Corning, NY, presents a unique investment opportunity. This 13,673 square foot, three-story Class B executive office building, built in 1916, sits on a 5.5-acre lot. Formerly the largest residence in Corning and owned by the Houghton family, this iconic estate boasts 22 rooms, including 14 bedrooms and 11 bathrooms. Modern amenities include central air conditioning, three-phase electric, and 14 fireplaces (many converted to gas). The property features a 30' x 26' library and a three-bay garage. A dedicated room once used by President Eisenhower adds to its historical significance. Located on Southside Hill, it offers sweeping city views and proximity to the Corning Museum of Glass. Zoned R1 - Res Low Density, this vacant property is ideally suited for adaptive reuse, with potential uses including a boutique hotel, event venue, upscale restaurant, or corporate headquarters. Proposals are being sought that respect the building's rich heritage and enhance the community. The APN is 460300 318.13-02-077.000
Property profile
VerifiedCap rate & NOI
Current use
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Architect
Location
Value estimations
Owner & transaction history
Zoning & alternative use
usage; interpretation. § 240-14 Definitions. Article IV Zoning Districts § 240-15 Establishment of zoning districts. § 240-16 Zoning Map. § 240-17 Interpretation of district boundaries. § 240-18 Residential Low Density (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Corning market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
R1 · Corning, NYusage; interpretation. § 240-14 Definitions. Article IV Zoning Districts § 240-15 Establishment of zoning districts. § 240-16 Zoning Map. § 240-17 Interpretation of district boundaries. § 240-18 Residential Low Density (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
usage; interpretation. § 240-14 Definitions. Article IV Zoning Districts § 240-15 Establishment of zoning districts. § 240-16 Zoning Map. § 240-17 Interpretation of district boundaries. § 240-18 Residential Low Density (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R1 in Corning, NY.
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