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470 2nd St 975 SF of Retail Space Available in Elmira, NY 14901
HIGHLIGHTS
- Lots of Foot & Drive-by Traffic
- Central Air Conditioning
- Open Floor Plan
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 975 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Plus All Utilities |
1st Floor
- Listed lease rate plus proportional share of utilities
- Partially Built-Out as Standard Retail 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 | 975 SF | Year Built/Renovated | 1940/2019 |
| Property Type | Retail | Parking Ratio | 0.51/1,000 SF |
| Gross Leasable Area | 3,900 SF |
| Total Space Available | 975 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,900 SF |
| Year Built/Renovated | 1940/2019 |
| Parking Ratio | 0.51/1,000 SF |
ABOUT THE PROPERTY
Long remembered as “Granny’s Attic”, this unique commercial space is ready to welcome its next business venture. In 2019, the building was completely gutted down to the studs and thoughtfully redesigned, blending historic character with modern updates. Included in Rent: * Water, sewer, garbage * Lawn care and snow removal Tenant Responsibilities: * Gas and electric utilities Features: * Convenient in-and-out off street parking on Walnut Street * This commercial space offers an open floor plan, small storage room, gender neutral bathroom, and your business start-up, or expansion from your home office space! * Central Air Conditioning Additional Requirements: * Business plan and application must be submitted for consideration prior to scheduling a showing * Business hours must remain within set timeframes to ensure compatibility with the residential tenants * Tenant is required to cover insurance This is a rare opportunity to establish your business in a historic, well-maintained property with built-in charm and community history!
NEARBY MAJOR RETAILERS
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470 2nd St
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