Former Tops Plaza | Elmira, NY

Investment Highlights:

• Tremendous Upside from Lease Up of Former Tops Markets
• Upside from Development of 5,000 SF Pad Site
• Located in an Opportunity Zone
• Dollar Tree, AT&T, Zoom Tan and H&R Block Provide In-Place Income and Bring Shoppers to Center
• Well Located on South Main Street
• Directly Across from Aldi and Family Dollar
• Easy Access Off the Southern Tier Expressway (Interstate 86 / Route 17) with 21,173 vehicles per day

The Offering:

Marcus & Millichap and RealINSIGHT Marketplace are pleased to offer for sale, The Former Tops Plaza, a 98,330-square-foot multi-tenant retail strip center, located in Elmira (Chemung County), New York (the “Property”).  The center consists of two buildings situated on approximately 8.32 acres. Built in 1997, it features ±765' of frontage along Main Street, large pylon signage, and ample parking for ±472 vehicles (±4.80/1,000 SF ratio). As of 2021, the property has an available Pad Site for development and is approximately 17 percent occupied by four tenants: Dollar Tree (11,300 SF), H&R Block (2,500 SF), Zoom Tan (1,500 SF) and AT&T (1,500 SF). Dollar Tree is a strong national tenant with approximately three years remaining on its lease term. The remaining ±77,000 SF former Tops Supermarkets space, ±4,500 SF of vacant space provide potential investors with an excellent opportunity to add value through lease-up.

Property Tours:  

Property tours are available by request.  Please contact the Marcus & Millichap team to schedule your tour.