122 E Chemung Place, Elmira City, NY 14904
Chemung County
Key Facts
Description
Rare opportunity to acquire a commercially zoned 5,600+ square foot property with extensive infrastructure already in place. Previously utilized for group housing purposes, 122 E. Chemung Place offers exceptional flexibility for investors, nonprofits, community organizations, specialized housing providers, or redevelopment opportunities. This well-maintained property features a commercial-grade fire system, central air, whole-house generator, multiple furnaces, accessible features, and a large-scale layout that would be difficult and costly to recreate today. The flexible floor plan includes numerous bedrooms/offices, multiple common areas, and 3 full bathrooms, allowing for a variety of potential residential, community, or commercial uses subject to zoning and approvals. Additional highlights include off-street parking, expansive living space, and a strategic Elmira location with convenient access to downtown amenities, services, and major roadways. Now offered at $215,000, this property presents a unique value opportunity with substantial existing infrastructure already in place for future operational or investment use. Buyers to verify permitted uses and zoning approvals.
Property Information
Property Type
Commercial Sale
Year Built
1950
Stories
2
Living Area
5,649 sq ft
Lot Size
0.26 acres
Lot Dimensions
70X164
Parking Spaces
3
Zoning
CT
Days on Market
27
MLS® Listing#
R1681104
Property Features
Interior
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Roof
Utilities
Sewer
Financial Details
Annual Taxes
$10,381
Assessed Value
$160,000
Parcel Number
070400-099-007-0005-087-000-0000
Affordability Calculator
$43,000
Estimated monthly payment
$1,144/mo
Principal $172,000 · Est. interest $239,955 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elmira City, NY
- $250,676
- Median Listing Price
- 53
- Median Days on Market
- 1,732
- Median Sq Ft
- $125
- Median Price / Sq Ft
- 635
- Active Listings
- This home’s price is 14% below the area median.
- Its price per sq ft is 70% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Elmira City, NY.
Location
Getting Around
Points of Interest in Elmira City, NY
Showing the Elmira City area map.
Nearby Schools
Riverside Elementary School
Elementary · 0.4 mi away
Coburn Elementary School
Elementary · 0.4 mi away
Holy Family Elementary School
Elementary · 0.6 mi away
Family Enrichment Center
School · 0.7 mi away
Finn Academy: an Elmira Charter School
Elementary · 0.8 mi away
Beecher Elementary School
Elementary · 0.8 mi away
Ernie Davis Community Center
Elementary · 0.9 mi away
Elmira High School
Secondary · 1.1 mi away
Holy Family Middle School
School · 1.5 mi away
Diven Elementary School
Elementary · 1.5 mi away
Ernie Davis Academy
School · 1.7 mi away
Elmira City School District
School · 1.7 mi away
Notre Dame High School
Secondary · 1.7 mi away
Broadway Elementary School
Elementary · 1.9 mi away
Fassett Elementary School
Elementary · 2.1 mi away
Hendy Elementary School
Elementary · 2.3 mi away
Thomas A Edison High School
Secondary · 2.9 mi away
Elmira Heights Central School District
School · 2.9 mi away
Cohen Middle School
Secondary · 2.9 mi away
Cohen Elementary School
Elementary · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 453 Livingston Street, Elmira City, NY | $152,000 | 3 | 2 | 1,759 |
| 357 E 5th Street, Elmira City, NY | $154,900 | — | — | 4,400 |
| 38 Walnut Street, Batavia City, NY | $154,900 | 4 | 2 | 1,668 |
| 706 Hancock Street, Watertown City, NY | $155,000 | 5 | 2 | 1,722 |
| 1021 Boyd Street, Watertown City, NY | $155,000 | 4 | 2 | 1,882 |
| 86 Ransom Street, Lockport City, NY | $155,000 | 4 | 1 | 936 |
Moving Cost Estimate
EXIT Agents in Elmira City
Listing Courtesy: Warren Real Estate - (607) 207-5700
Presented by: Kelly McKay
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable by is not guaranteed accurate by the MLS.
© 2026 CNYIS, Inc., GENRIS and WNYREIS All rights reserved.
Fair Housing NoticeLast Updated: 2026-05-27