299 S Main St - Freestanding FOR SALE
Elmira, NY 14904 |
299 S Main St
Elmira, NY 14904
HIGHLIGHTS
- High-traffic retail center with a lease upside to fill the vacant, 77,000-SF anchor space formerly occupied by Tops Markets.
- Located just off Highway 14, with exceptional visibility to over 7,700 daily vehicles, and just a short distance from Interstate 86 / Route 17.
- Convenient proximity to downtown demand drivers such as the LECOM Event Center, the Clemens Center, the Arnot Art Museum, and St Joseph’s Hospital.
- Performing retail market with vacancies of just 6.5%, a five-year annual average rent growth of 3.9%, and no competing inventory under construction.
- Supported by a 10-mile population of over 77,000 that produced annual consumer spending of more than $923 million during 2024.
- Within a designated Opportunity Zone, benefiting long-term reuse and redevelopment with significant capital gains tax incentives.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Value-Add High-Traffic Retail Investment
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
90830
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
193
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
070400-099-007-0006-001-000-0000
