1575 lake St

1575 Lake St Elmira, NY 14901

1575 Lake St , Elmira, NY, 14901
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FOR SALE
Property Type:
Factory
Amount:
$3,995,000
Last Verified:
Feb 20, 2024

Highlights

  • Expansive Space: Offering 255,000 square feet within a sprawling 12.16-acre property.
  • Prime Elmira Location: Ideally situated in the heart of Elmira, NY.
  • Convenient Highway Access: Just a short 2-mile drive to the I86 Interchange.
  • Electrifying Infrastructure: Equipped with 3-phase electric for enhanced productivity.
  • Efficient Loading: Boasts a multitude of elevated loading docks for streamlined operations.
  • Additional Warehousing: Includes 2 outparcel warehouses, totaling 25,000 square feet with lofty 13-foot ceilings.

Description

Presenting a remarkable investment or owner user opportunity in Elmira, NY, this industrial complex is a standout option. Situated a mere 2 miles from the I86 interchange, it offers an exceptional location for manufacturing, warehousing, and distribution. Boasting a total area of 255,000 square feet on 12.16 acres, with an additional 25,000 square feet in two outparcel warehouses featuring 13-foot ceilings. This well-constructed facility includes sturdy cement slab floors and steel I-Beams throughout. It is equipped with 12 elevated loading docks, overhead drive through doors and even features an internal rail system for manufacturing purposes, along with 3-phase electric. There is approximately 18,000 SF of office space, approximately 5,000 SF of high bay warehouse space, and separate warehouses with high ceilings of 25,000 SF each. The versatile nature of this property opens the door to a myriad of potential uses.

Nestled on Elmira's vibrant Lake Street (AKA NYS Route 14 Truck Route), this prime 12-acre complex is a standout central location in Elmira, New York. With its strategic positioning just a mere 2 miles away from the I86 Interchange, it offers effortless highway access, making it an ideal choice for convenience and accessibility.


Year Built: 1952
Building Size: 255000sq ft
Lot Size: 12.22 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 1575 Lake St , Elmira, NY, 14901

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.