benny.estate
For SaleMLS # R16782375 days on market

269 Baldwin Street

Elmira, NY 14901 · Chemung County

Price

$40,000

Bed / Bath

Interior

6,176 sqft

Lot

2,405 sqft lot

Built

1954

About this home

Some buildings hold history in their walls. This one holds potential in every square foot. Standing three stories tall with a full basement on Baldwin Street in the heart of Elmira's downtown, 269 Baldwin is a commercial mixed-use building with the bones of something extraordinary — and the kind of scale that serious investors recognize immediately. Over 6,000 square feet of raw, untapped space, steps from the ILL Eagle Taphouse, and positioned squarely inside Elmira's $10 million New York State Downtown Revitalization Initiative target zone. The electricity is live to the building. The heat is not operational. It needs extensive rehab work. None of that is a secret — and none of it scares the right buyer. What the right buyer sees is what this building already is: structurally significant, mixed-use zoned, and sitting at the intersection of a city actively being rebuilt. Exterior wall repair was professionally completed by Streeter Associates in 2022 — documentation included. That's a seller who maintained what mattered. The building's mixed commercial and residential zoning opens the door to virtually any vision — ground-floor retail or restaurant, upper-floor residential units, professional office, hospitality concepts, or a full adaptive reuse that capitalizes on Elmira's growing demand for walkable downtown housing. State and federal historic tax credit programs have financed multiple nearby projects. The incentive infrastructure is already in place. Downtown Elmira is not a rumor. It is a movement. The DRI investment, the I-86 Innovation Corridor, the expansion of healthcare and higher education nearby — This is the momentum that turns 269 Baldwin into a deal that makes sense right now, not five years from now. The glory is still in here. Bring the capital. Bring the vision.

Mechanical

Heating

Electric, Gas, None

Schools

District

Elmira

Tax & finance

Annual taxes

$56,957

Financing

Cash · RehabFinancing

Location

Elmira, NY 14901 · Chemung County

MLS Attribution

Listing courtesy of RE/MAX In Motion. Listing agent: Lindsay Hart. Data last updated 5/24/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.