905 Church StElmira, NY 14901

  • Commercial land
  • 9,376 SF
For Lease
$30,000/SF/YR View listing

Property Details for 905 Church St

Year built
1994
Lot size
2.50 AC
Property size (Sq ft)
9,376 SF
Zone code
UMU
Property type
Commercial land
APN
070400 89.16-4-30
APU
704008916430

Description

This exceptional 9.35-acre commercial land parcel presents a unique investment opportunity in Elmira, New York. Strategically located at Exit 56 off I-86, this site enjoys high visibility and convenient access, serving as a gateway to the city. Zoned BG Gateway Commercial, the property allows for a wide range of development possibilities, including retail, hospitality, multifamily housing, and wholesale businesses. The single-tenant property is situated at 905 E Church St, Elmira, NY 14901, with a cross street of Judson Street, in Chemung County. The seller is a developer and contractor, offering the flexibility of a ground lease or a build-to-suit option tailored to meet specific tenant requirements. The seller is also willing to subdivide the parcel to accommodate various project sizes. This prime location offers significant potential for substantial returns, situated directly across from a Dandy Convenient Store, ensuring high traffic and visibility. The property's versatility and prime location make it an ideal choice for investors and developers seeking a high-impact project in a thriving area. This is a rare opportunity to acquire a large, well-located parcel with significant development potential in a growing market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,733,024
    Hospitality
    $1,587,441
    Educational
    $1,320,732
    Medical
    $1,366,154
    Retail
    $2,054,472
905 Church St, Elmira, New York

Location Insight

City
Elmira
County
Chemung
State
New York
Latitude
42.096
Longitude
-76.7908
CBSA code
21300
CBSA name
ELMIRA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
-
$150,000
-
$150,000
-
$227,300
-
$227,300

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