College or university
Opportunity Zone
1 LECOM Pl, Elmira
City of Elmira, NY Map ↗
Address report: businesses, traffic, buses, people and jobs around it →
On the Downtown Elmira corridor →
- Property type
- College or university (class 613)
- Lot size
- 2.4 acres
- Zoning
- Ask the City of Elmira
- Full market value
- $4.3 million (assessor’s estimate)
- Owner
- An individual (not shown)
- Tax map number
- 89.14-6-38
Opportunity Zone: this property is in a federal Opportunity Zone, where investors can get tax benefits on
capital gains. The current zones run through Dec 31, 2026; New York’s new zones start Jan 1, 2027 and may differ.
No flood area is mapped at this property’s center on the county’s approximate digitized flood map. Part of the lot
may still be in one; check FEMA’s official flood map before relying on this.
Is space here available? Owners and brokers can list it free.
From Chemung County’s public parcel map (updated May 2024) and the town’s assessment roll. Not a survey or
title record; confirm with Chemung County Real Property Tax Services and the City of Elmira.
County map viewer ↗
Incentive programs here
- Opportunity Zone
- Yes
- HUBZone
- Yes: qualified census tract
- New Markets Tax Credit
- Yes: a low-income community, in deep distress
Investments through Qualified Opportunity Funds can get federal capital-gains tax benefits. New zones take effect in 2027.
A small business with its main office in a HUBZone, and at least 35% of its employees living in one, can certify for the SBA HUBZone program’s federal contracting preferences.
Business and real estate projects here can raise New Markets Tax Credit financing through Community Development Entities (CDEs); distressed tracts are often prioritized.
Sources: SBA (HUBZones), U.S. Treasury CDFI Fund (New Markets Tax Credit tracts), NYS Department of State (Brownfield Opportunity Areas), NYS Office of Parks, Recreation and Historic Preservation (National Register). Eligibility depends on the project: confirm with the program.
Environmental checks
- DEC cleanup sites within ½ mile
- Pennsylvania Lines LLC,Elmira 5th St Yar (Voluntary Cleanup Program, no further action, 0.2 mi); Pennsylvania Lines LLC, Elmira 5th Street Yard (Brownfield Cleanup Program, cleanup active, 0.2 mi); Bouille Electric Inc. (Hazardous waste corrective action (RCRA), no further action, 0.3 mi); 714 Baldwin Street (State Superfund, class 2: significant threat, 0.4 mi); 714 Baldwin LLC (Brownfield Cleanup Program, no further action, 0.4 mi); and 3 more ↗
- Mapped wetlands
- None at this point
Sites in NYS DEC’s remediation programs. Look them up by number in DEC’s DECinfo Locator.
Sources: NYS DEC (remediation sites, spill reports), Chemung County GIS (DEC wetlands and the National Wetlands Inventory). Not a site assessment: a Phase I environmental review is the standard for a purchase.