CCertihomes
640 W Gray Street, Elmira City, NY 14905

$185,000

0 beds 0 baths 4,288 sqft Built 196086 days on marketActive

About this home

Exceptional Investment Opportunity – Vacant Funeral Home with Versatile Potential Welcome to this unique property offering endless possibilities. Situated in a prime location, this vacant funeral home features a solid brick exterior, a spacious interior, and ample square footage, making it ideal for a variety of commercial or residential ventures. Whether you’re looking to transform this property into a thriving business or convert it into your next big project, the potential is vast. Other features include, a detached 3 car garage, private parking lot, upper 2-bedroom apartment, new roof, and limitless potential! With expansive, open spaces, there is more than enough room to accommodate your vision for the property, whether you wish to repurpose the space or reimagine it entirely. This property is a blank canvas, primed for renovation and upgrades, whether you’re looking to modernize the space, adapt it for a different purpose, or simply maintain its classic charm. This property is not just limited to its past use as a funeral home. It offers incredible opportunities for businesses that require large, open spaces such as medical offices, community centers, fitness studios, or even a boutique hotel. With plenty of room to expand, this property is a rare find in today’s market. Take advantage of this one-of-a-kind opportunity to create something special. Whether you're an investor or entrepreneur, this property is waiting for your vision. Schedule a showing today!

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
$3,538/mo

Real estate (PITI + HOA + PMI)
$2,305
Principal + interest$1,187
Property tax + insurance$1,049
PMI / 2nd mortgage$69
Utilities
$2,421
Heating + cooling$1,061
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$3,538/mo TLC
Budget$5,000/mo
Remaining after TLC$1,462/mo
Purchase price
$185,000
Down payment
$9,250 (5%)
Loan amount
$175,750
APR
7.15%

Quick facts

Type
Business
Style
Year built
1960
Lot size
0.1971 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
CentralAir
Water
Public
HOA
Annual tax
$8,437
MLS #
R1608085
County
Chemung

At a glance

Air conditioning
Basement
Garage

Home features

Parking
OnSite
Flooring
Hardwood, Linoleum, Varies, Vinyl, Carpet
Roof
Asphalt, Shingle
Sewer
PublicSewer

Lot features

Rectangular, RectangularLot

Neighborhood — 14905

MetricThis ZIPCountyUSA
Population7,44219,351,094299,088,112
Population Change Since1990-8.00%8.00%20.00%
Population Density1,735395
Male4,4329,381,926147,432,321
Female3,0119,969,168151,655,844
Never Married2,5364,946,39163,775,926
Married2,3397,166,701123,120,365
Separated5541,159,67312,639,686
Widowed4031,110,24515,467,586
Divorced5591,210,44823,075,029
Number Of House Hold2,2967,102,016111,826,380
Average House Hold Size2.432.642.60
Medial Age35.5336.5335.46
Median House Hold Income$44,817$49,847$48,276
Average House Hold Income$58,241$70,032$63,629
P C I$24,426$26,569$24,529
M D I$38,892$42,210$41,133
A T H E$48,308$54,185$50,898
S T R8.00%4.00%
W C J85.61%81.55%77.74%
(Zip) Code
14905

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

Map & walkability

Open in Google Maps →

Listing information last refreshed 5/19/2025. Provided courtesy of Signature Properties via Buffalo MLS. Information deemed reliable but not guaranteed.