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- LoopNet Team
1151 Broadway St
Elmira, NY 14904
Property For Lease
HIGHLIGHTS
- Value-Add Fast Food/QSR Opportunity in Elmira, New York
- Main Retail Corridor | Diverse Trade Area with National Tenant Presence
- Excellent Retail Location - Entrance to the City of Elmira
- Proven Historically Stable Asset | Well Established Location
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 2,960 SF |
| Property Subtype | Fast Food | Year Built | 1977 |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,960 SF |
| Year Built | 1977 |
ABOUT THE PROPERTY
Faris Lee Investments is pleased to offer for lease a former Pizza Hut site located in Elmira, New York. The subject property is ideally located at the signalized, hard corner intersection of Broadway Street and Pennsylvania Avenue (over 11,000 VPD), which is the entrance point into the city. Additionally, the site features excellent street frontage and visibility along both streets, making this an ideal retail/fast food location and draw. The former tenant, Pizza Hut had successfully operated at this site for over 43 years prior to closing down. The property is currently vacant allowing and investor multiple avenues to create value, including potential redevelopment (the subject property resides on .95 acres), re-tenant the property with a strong national/regional brand, and/or utilize the asset as an owner/user. The property is located at the entrance to the city of Elmira, along Broadway Street, which is the main retail corridor in the trade area, with other national tenants nearby including Rite Aid, Dunkin Donuts, Taco Bell, KFC, Dollar General, Family Dollar, etc. The close proximity to these complementary tenants creates a desirable draw to this location, which should allow the investor the ability to locate a new tenant with ease.
