424 S Main St - Freestanding FOR SALE


Elmira, NY 14904
$4,200,000 USD
248-728-4896
424 S Main St, Elmira, NY for Sale
$4,200,000 USD
Freestanding - FOR SALE
1/1
null | 8.67% Cap Rate

424 S Main St
Elmira, NY 14904


OVERVIEW

General Property Information Address = 424 S Main St, Elmira, NY 14904 Rent Per SF = $24.56 NNN Elmira, NY Metro Population = 81,325 (https://censusreporter.org/profiles/31000US21300-elmira-ny-metro-area/) +/-1.3 Miles from Elmira Central Business District Located on a signalized hard corner at the intersections of S Main St and Pennsylvania Ave S Main (VPD) = 7,911 Pennsylvania Ave (VPD) = 8,173 DG signed a sublease with Walgreens for the current occupancy of the subject property DG has occupied the property for +3 years Property is in top 15% of DG's Nationwide, Top 24% within a 15 Mile Radius as well (Per Placer.AI) General Metro Information Elmira was awarded $10 Million by NY state for the DRI (Downtown Revitalization Initiative), using funds to attract new businesses and residents +/-226 additional Affordable Housing Units have been developed in Elmira since 2015 Home of Elmira College (Student population of +/-650 and total employees of +/-280) (https://www.elmira.edu/) Home of Arnot Health (Annual revenues of 400-600 Million and approximately 3,500 Employees) (https://www.arnothealth.org/) Distance to Major Metros Ithaca, NY = 34.5 Miles Binghamton, NY = 57.3 Miles Syracuse, NY = 89.4 Miles

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

8.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

BA

APN/PARCEL ID

070400-099-011-0007-050-000-0000

ASK ABOUT THIS PROPERTY

Alex BurksLegacy Commercial Real Estate AdvisorsMore Info
248-728-4896

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Alex BurksLegacy Commercial Real Estate AdvisorsMore Info
248-728-4896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.