

269 Baldwin Street
Mixed Use | 6,176 SqFt
Marketing description
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. The cosmetics need 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 I86 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.
Investment highlights
269 Baldwin St offers a sub-$40K entry point on the same street as Elmira's most successful recent historic redevelopment — Capriotti Properties' 11-unit luxury conversion at 110 Baldwin St, completed 2023. The asset is positioned in the Near Westside Historic District, five minutes from two major demand drivers: LECOM College of Osteopathic Medicine and Arnot Ogden Medical Center.
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