112 Lake St Elmira, NY 14901

This exceptional mixed-use property, located at 112 Lake Street in Elmira, NY, presents a compelling investment opportunity within the city's vibrant Finance, Arts, & Historic District. Situated in a designated Opportunity Zone, this building offers significant potential for tax credits and development grants, enhancing its financial appeal. The property comprises a 12,000 square foot loft space, complemented by an additional 4,000 square feet of cellar space situated beneath the ground floor retail areas. The building features two ground-floor commercial retail spaces, ideal for a variety of businesses, and eight residential apartments, providing a diverse income stream. Its prime location offers excellent visibility and accessibility, with proximity to a pedestrian crossing bridge, the local arena, theatre, a selection of dining and brewery establishments, a college campus, and hospitals. The potential for prominent signage further enhances the property's marketability. This unique blend of commercial and residential space, coupled with the advantageous Opportunity Zone designation and its central location, makes this a truly remarkable investment prospect in the heart of Elmira's revitalized downtown. The building's substantial size and versatile layout offer significant potential for future development and expansion, catering to a wide range of business and residential needs. The existing infrastructure provides a solid foundation for immediate occupancy and income generation, while the Opportunity Zone incentives unlock further growth opportunities.