New

$325,000

For Sale

10 hours ago

112-114 Lake St, Elmira, NY

Name: 112-114 Lake St, For Sale in Elmira - eXp Realty
Brand: acropolis realty group llc
SKU: S1666114
Price: 325000 USD

MLS® S1666114

0 Bed

0 Bath

14328 sqft

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size 14328 sqft

Garage No

HOA Fees

Taxes $127,816

Days Active 0

Approx. Age 1945

Avg. Price Per Sqft $22

MLS® Number S1666114

Property Address: 112-114 Lake St, Elmira, NY, 14901-3407

Average square foot calculated using Size range provided by listing agent.

Description

112–114 Lake Street presents a compelling mixed-use value-add investment opportunity in the heart of Elmira’s commercial corridor. This three-story building totaling approximately 12, 000 square feet offers significant upside potential for investors seeking to reposition a downtown asset through renovation and lease-up. The property features two ground-floor retail storefronts with strong street visibility along Lake Street, complemented by multiple residential units above. With its flexible layout and mixed-use configuration, the building offers the potential to create a stabilized income-producing asset by activating the retail spaces and renovating the upper residential units. Originally constructed in 1945, the building includes a full basement and multiple floors of usable space, providing additional opportunities for storage, tenant amenities, or operational support for retail tenants. Situated in downtown Elmira, the property benefits from walkable access to local businesses, retail, and community amenities, making it well-positioned for residential demand and neighborhood-serving commercial uses. The location provides convenient connectivity to surrounding retail, dining, and services within the city’s central business district. Offered at an attractive price point, 112–114 Lake Street represents a rare opportunity for investors, developers, or owner-users to acquire a mixed-use asset with substantial value-add potential in an emerging market. Highlights Mixed-use retail and residential building Approx. 12, 000 SF across three stories Two street-level retail storefronts Multiple residential units above (value-add opportunity) Full basement for storage or additional use Strong visibility along Lake Street commercial corridor Ideal for investors, developers, or owner-users Significant upside through renovation and lease-up strategy

MLS® NumberS1666114

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1945

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Land and Building

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 10, 2026List Date

$325,000List Price

Commute

Commute

Starting Address

Destination Address

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