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112-114 Lake St 4,000 - 12,000 SF of Space Available in Elmira, NY 14901
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,000 SF | 21 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Penn Plaza Property is pleased to present this 21 Year NNN Leasehold, in a Certified Opportunity Zone as a Southern Tier Economic Growth Re-Development Area. Centrally located in the Finance, Arts & Historic District of the Historic Civic Center, with Thriving Downtown Style Music Festivals & Emerging Artists throughout the Southern Tier of NY. This Vacant Mixed-Use Loft Building with 2 ground floor Commercial Retail Spaces and 8 Apartments encompasses a total of 14,000SF comprised of Loft and Mezzanine Spaces with an additional 4,000SF Cellar Space underneath Ground Floor Retail Spaces. Possible Signage Options Available. Located directly across from Pedestrian Crossing Bridge, close to Arena, Theatre, Dining/Breweries, Colleges and Hospitals.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 12,000 SF of adjacent space
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,000 SF | 21 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 2nd Floor | 4,000 SF | 21 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 3rd Floor | 4,000 SF | 21 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Penn Plaza Property is pleased to present this 21 Year NNN Leasehold, in a Certified Opportunity Zone as a Southern Tier Economic Growth Re-Development Area. Centrally located in the Finance, Arts & Historic District of the Historic Civic Center, with Thriving Downtown Style Music Festivals & Emerging Artists throughout the Southern Tier of NY. This Vacant Mixed-Use Loft Building with 2 ground floor Commercial Retail Spaces and 8 Apartments encompasses a total of 14,000SF comprised of Loft and Mezzanine Spaces with an additional 4,000SF Cellar Space underneath Ground Floor Retail Spaces. Possible Signage Options Available. Located directly across from Pedestrian Crossing Bridge, close to Arena, Theatre, Dining/Breweries, Colleges and Hospitals.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 12,000 SF of adjacent space
2nd Floor
Penn Plaza Property is pleased to present this 21 Year NNN Leasehold, in a Certified Opportunity Zone as a Southern Tier Economic Growth Re-Development Area. Centrally located in the Finance, Arts & Historic District of the Historic Civic Center, with Thriving Downtown Style Music Festivals & Emerging Artists throughout the Southern Tier of NY. This Vacant Mixed-Use Loft Building with 2 ground floor Commercial Retail Spaces and 8 Apartments encompasses a total of 14,000SF comprised of Loft and Mezzanine Spaces with an additional 4,000SF Cellar Space underneath Ground Floor Retail Spaces. Possible Signage Options Available. Located directly across from Pedestrian Crossing Bridge, close to Arena, Theatre, Dining/Breweries, Colleges and Hospitals.
- Lease rate does not include utilities, property expenses or building services
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 12,000 SF of adjacent space
3rd Floor
Penn Plaza Property is pleased to present this 21 Year NNN Leasehold, in a Certified Opportunity Zone as a Southern Tier Economic Growth Re-Development Area. Centrally located in the Finance, Arts & Historic District of the Historic Civic Center, with Thriving Downtown Style Music Festivals & Emerging Artists throughout the Southern Tier of NY. This Vacant Mixed-Use Loft Building with 2 ground floor Commercial Retail Spaces and 8 Apartments encompasses a total of 14,000SF comprised of Loft and Mezzanine Spaces with an additional 4,000SF Cellar Space underneath Ground Floor Retail Spaces. Possible Signage Options Available. Located directly across from Pedestrian Crossing Bridge, close to Arena, Theatre, Dining/Breweries, Colleges and Hospitals.
- Lease rate does not include utilities, property expenses or building services
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 12,000 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 12,000 SF | Gross Leasable Area | 12,000 SF |
| Property Type | Retail | Year Built | 1945 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 12,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 12,000 SF |
| Year Built | 1945 |
ABOUT THE PROPERTY
3-story mixed-use building with a full basement
- Mezzanine
- Restaurant
NEARBY MAJOR RETAILERS
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112-114 Lake St
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