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    Elmira, NY Restaurants for Sale

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    Horseheads, NY Big Flats, NY Chemung, NY Pine City, NY Wellsburg, NY Millerton, PA Ny, NY Gillett, PA
    13 properties
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    Former Restaurant Building on 2+ Acres
    Updated: Sep 25, 2025
    Former Restaurant Building on 2+ Acres

    2447 Corning Road, Elmira, NY

    $545,000
    6,250 sqft
    Tremendous visibility on NYS Rt. 14 with 230' of frontage.
    Large open floor plan with adjoining banquet/meeting room.
    Two parcel assemblage totaling 2+ acres.
    Paved parking for 84 cars with room for expansion.
    Located close to Regional Retail Hub.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    2447 Corning Road, Elmira, NY,

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $48K
      Annual

    • Price @ 7% Cap

      $690K
      Above asking
    View Property Analytics
    Turnkey Conventional Restaurant with Apartment
    Updated: Apr 20
    Turnkey Conventional Restaurant with Apartment

    1157 N Main Street, Elmira, NY 14901

    $269,900
    4,658 sqft 0.15 AC lot
    0.1505‑acre restaurant property at 1157 N Main Street, Elmira, NY
    Restaurant space totals 4,658 SF
    Adjacent apartment next door for owner occupancy or rental
    Includes walk‑in coolers and freezers plus cookware, fixtures, and equipment
    Built in 1971 with brick, frame, and concrete construction
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    Bar Building with Vaulted Ceiling
    Bar Building with Vaulted Ceiling

    1321 College Avenue, Elmira, NY 14903

    $179,900
    3,238 sqft 0.21 AC lot

    Commercially zoned building with public utilities, central air, and a large vaulted-ceiling room.

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    Remodeled Restaurant with Full Bar
    Remodeled Restaurant with Full Bar

    500 S Main Street, Elmira, NY 14904

    $350,000
    8,761 sqft 0.24 AC lot

    Remodeled restaurant with two dining rooms, full bar setup, and central air, operating as usual for a new owner.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Former Bar on Busy Avenue
    Former Bar on Busy Avenue

    1321 College Ave, Elmira, NY 14903

    $179,900
    3,238 sqft

    3,238 SF building near Lecom, Hilliard, Arnot Hospital.

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    Remodeled Restaurant with Outdoor Patio
    Remodeled Restaurant with Outdoor Patio

    500 S Main St, Elmira, NY 14901

    $350,000
    8,761 sqft

    Completely remodeled restaurant and kitchen with two dining rooms, full bar, and outdoor patio seating.

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    Established Bar/Restaurant with Real Estate
    Established Bar/Restaurant with Real Estate

    113 Second Street West, Elmira, NY

    $245,000
    3,752 sqft

    Turn-key bar/restaurant for sale with real estate near colleges.

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    Freestanding Retail Building with Drive-Thru
    Freestanding Retail Building with Drive-Thru

    209 Mt Zoar St, Elmira, NY

    Contact for pricing
    10,945 sqft 1.42 AC lot

    Former pharmacy with drive-thru, suitable for retail or restaurant.

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    Southport Pizzeria Opportunity
    Southport Pizzeria Opportunity

    600 Pennsylvania Ave, Elmira, NY 14904

    $139,900
    0.29 AC lot

    Turnkey restaurant opportunity in a proven location.

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    Turnkey Restaurant with Apartment Included
    Turnkey Restaurant with Apartment Included

    1157 N Main St, Elmira, NY 14901

    $269,900

    Fully equipped restaurant with apartment for owner occupancy or rental.

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    Turnkey Pub and Restaurant
    Turnkey Pub and Restaurant

    519 Erie St, Elmira, NY 14904

    $110,000

    Turnkey pub and restaurant with bar equipment included, a fenced patio, and an attached vacant lot for add-on uses.

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    Drive-Through Restaurant Opportunity
    Drive-Through Restaurant Opportunity

    2487 Corning Road, Elmira, NY 14903

    Contact for pricing

    Arby's with an on-site drive-thru has operated at this location since 1995 under a long corporate lease.

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    Bar and Restaurant with Apartment
    Bar and Restaurant with Apartment

    2048 College Avenue, Elmira, NY 14903

    Contact for pricing

    Restaurant and bar space with an upstairs apartment, featuring a large dining area plus rec and dance areas.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Elmira, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Convenience Store and Quick Food
    Turnkey Convenience Store and Quick Food

    435 Sing Sing Road, Horseheads, NY 14845

    $650,000
    2,872 sqft 0.46 AC lot

    Turnkey convenience and quick-food operation with full kitchen, walk-in freezer, dine-in seating, and lottery sales.

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    Award-Winning Restaurant Opportunity
    Award-Winning Restaurant Opportunity

    69 E Market St, Corning, NY 14830

    Contact for pricing
    4,158 sqft

    Established restaurant property for sale.

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    Historic Restaurant with Commercial Kitchens
    Historic Restaurant with Commercial Kitchens

    2-4 E Market Street, Corning, NY 14830

    $1,575,000

    Remodeled restaurant property with multiple kitchens, dining areas, event space, and upgraded operating systems.

    View details
    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    3311 Chambers Rd, Horseheads, NY 14845

    Contact for pricing

    Turnkey restaurant building features a walk-in cooler and a drive-thru service window for prepared-food service.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Elmira Land Package For Sale
    Elmira Land Package For Sale

    808-814 Hatch Street, Elmira, NY 14901

    $30,000
    0.51 AC lot

    Six commercial lots in Elmira, being sold as a package.

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    Mixed-Use Property with Road Frontage
    Mixed-Use Property with Road Frontage

    27845 Route 220, Athens, PA 18810

    $1,500,000
    1,618 sqft 25.00 AC lot

    Multi-structure commercial acreage combines roadside exposure with existing residential and commercial improvements.

    View details
    Commercial Parcel for Drive-Thru Development
    Commercial Parcel for Drive-Thru Development

    University Dr., Mansfield, PA 16933

    $395,000
    1.32 AC lot

    1.32-acre commercial-zoned parcel with utilities available, suitable for build-ready pads and small-scale commercial uses.

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    Commercial Zoned Land Parcel
    Commercial Zoned Land Parcel

    University Dr., Mansfield, PA 16933

    $495,000
    2.05 AC lot

    2.05-acre commercially zoned parcel with public water, sewer, and telecom utilities for flexible development uses.

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    Off-Market Properties in Elmira, NY

    Consider similar Off-Market properties in Elmira, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    501 College Ave
    BAR, TAVERN

    501 College Ave, Elmira, NY 14901-2415

    $190,000
    Estimated value
    5,617 sqft 0.24 AC lot
    View details
    470 Mt Zoar St
    BAR, TAVERN

    470 Mt Zoar St, Elmira, NY 14904-1122

    $140,000
    Estimated value
    2,512 sqft 0.25 AC lot
    View details
    1905 College Ave
    RESTAURANT

    1905 College Ave, Elmira, NY 14901-1138

    $190,000
    Estimated value
    6,300 sqft 0.36 AC lot
    View details
    1151 Broadway St
    RESTAURANT

    1151 Broadway St, Elmira, NY 14904-2504

    $395,000
    Estimated value
    2,960 sqft 0.95 AC lot
    View details
    1869 Davis St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1869 Davis St, Elmira, NY 14901-1020

    $130,000
    Estimated value
    1,316 sqft 0.19 AC lot
    View details
    519 Erie St
    BAR, TAVERN

    519 Erie St, Elmira, NY 14904-1812

    $85,000
    Estimated value
    1,345 sqft 0.08 AC lot
    View details
    501 Erie St
    RESTAURANT

    501 Erie St, Elmira, NY 14904-1812

    $280,000
    Estimated value
    5,715 sqft 0.27 AC lot
    View details
    206-208 Miller St
    BAR, TAVERN

    206-208 Miller St, Elmira, NY 14904

    $60,000
    Estimated value
    3,230 sqft 0.99 AC lot
    View details
    805 Pennsylvania Ave
    RESTAURANT

    805 Pennsylvania Ave, Elmira, NY 14904-2631

    $280,000
    Estimated value
    2,460 sqft 0.46 AC lot
    View details
    601 Erie St
    RESTAURANT

    601 Erie St, Elmira, NY 14904-1814

    $60,000
    Estimated value
    4,877 sqft 0.13 AC lot
    View details
    2354 Corning Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    2354 Corning Rd, Elmira, NY 14903-1045

    $270,000
    Estimated value
    620 sqft 0.58 AC lot
    View details

    Elmira, NY Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Elmira, NY, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 49,603 square feet of properties for sale, with an estimated market value of $2,639,500.

    Sale prices for restaurant properties in Elmira, NY start at $110,000, averaging $263,950, and reaching up to $545,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 10
    Conventional restaurants 9
    Drive through restaurants 3
    Turn key restaurants 1

    Demographics Overview

    Population 45K
    Population Growth (5Y) -4.7%
    Median Household Income $58,161
    College Educated 24.6%

    High-Yield Neighborhoods for Investment

    Identify Elmira submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    14903 $190K
    14904 $200K
    14901 $285K

    Taxes & Financing

    Tax Rate (average for all types) 1.24%
    Property Tax per SF $55.93 per SF
    Tax Rate vs County Average 2.80 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Chemung County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Chemung County

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