CCertihomes
406 W Washington Avenue, Elmira-City, NY 14901

$250,000

0 beds 0 baths 2,438 sqft Built 1955235 days on marketActive

About this home

Check out this great business opportunity! This well maintained, established, fully equipped, very profitable, bar/tavern is being offered for the first time in over 53 years of ownership. Everything is included and is in good condition and operating properly. This is a turn-key opportunity with a loyal, local customer base and located 1/2 block from Elmira College and close to LECOM Medical School. Building, land, equipment, business and fixtures are all included plus a satellite TV system, 8 TV's, walk-in cooler, recyclable section, extra storage, recycling area and an outside smoking area and sitting area. The back room has multiple vending games that including dart games, juke box, pin ball, foosball, etc. that bring in additional income, as well as ATM. If you are looking to open a bar, this is the perfect opportunity to buy a business from a well-respected owner. This is a profitable operation at a very reasonable price. The owner would like to retire but will assist the with the buyer with the transition.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$3,262/mo

Real estate (PITI + HOA + PMI)
$2,481
Principal + interest$1,604
Property tax + insurance$783
PMI / 2nd mortgage$94
Utilities
$1,567
Heating + cooling$634
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$3,262/mo TLC
Budget$5,000/mo
Remaining after TLC$1,738/mo
Purchase price
$250,000
Down payment
$12,500 (5%)
Loan amount
$237,500
APR
7.15%

Quick facts

Type
Business
Style
Year built
1955
Lot size
0.073 ac
Stories
1
Heating
Electric, Gas, ForcedAir
Cooling
CentralAir
Water
Public
HOA
Annual tax
$5,481
MLS #
EC276760
County
Chemung

At a glance

Air conditioning
Basement

Home features

Roof
Flat, Membrane, Rubber
Sewer
PublicSewer

Neighborhood — 14901

MetricThis ZIPCountyUSA
Population18,49319,351,094299,088,112
Population Change Since1990-12.00%8.00%20.00%
Population Density506395
Male8,6549,381,926147,432,321
Female9,8389,969,168151,655,844
Never Married4,6664,946,39163,775,926
Married5,6757,166,701123,120,365
Separated1,6661,159,67312,639,686
Widowed1,4541,110,24515,467,586
Divorced1,6921,210,44823,075,029
Number Of House Hold6,9477,102,016111,826,380
Average House Hold Size2.402.642.60
Medial Age34.9736.5335.46
Median House Hold Income$30,777$49,847$48,276
Average House Hold Income$38,456$70,032$63,629
P C I$15,610$26,569$24,529
M D I$27,482$42,210$41,133
A T H E$36,862$54,185$50,898
S T R8.00%4.00%
W C J81.61%81.55%77.74%
(Zip) Code
14901

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 10/18/2024. Provided courtesy of Howard Hanna Elmira via Buffalo MLS. Information deemed reliable but not guaranteed.