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600 S Main St
Elmira, NY 14904
Formally Famous High Bar · Retail Property For Sale
EXECUTIVE SUMMARY
Turn key income investment for people oriented professional in the liquor food services business. Building is specifically adapted to being a restaurant and a bar. Other use is possible with some minor changes, such as convenience store, liquor store, head shop, tobacco shop. Possible adult use on proper application to the city for a variance. Cannot be adapted to office or rental use.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Bar
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
1950/2019
Price
$86,000
Price Per SF
$28.67
Cap Rate
23.26%
NOI
$20,000
Business Value
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
Commercial - BA Neighborhood commercial
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 070400-099-015-0005-028-000-0000 | Improvements Assessment | $33,000 |
| Land Assessment | $12,000 | Total Assessment | $45,000 |
PROPERTY TAXES
Parcel Number
070400-099-015-0005-028-000-0000
Land Assessment
$12,000
Improvements Assessment
$33,000
Total Assessment
$45,000
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