INVESTMENT OPPORTUNITY: High demand location in the Heart of the Finger Lakes, and home to Cornell University and Ithaca College. This Iconic four story building, in a prominent commercial corridor, Restaurant Row , and Gateway to the famous Ithaca Commons is looking for new ownership for the first time in many years. With over 12,000 SF, it was redesigned by architect Jason Demarest and under-went comprehensive renovations in 2016. This investment opportunity includes long term quality tenant Simeons Restaurant and offers elevator service to five, bright and spacious, 1- and 2-bedroom apartments with high quality finishes. Ideal for investors aiming to capitalize on Ithaca's vibrant market, ensuring continuous demand and significant growth potential.
R1531300
Apartment, 3+ Story
Tompkins
1904
0.05
Acres
Public Water
4
Brick, Frame, Metal Siding, Wood Siding
Public Sewer
12,090
Sq. Ft.
Sewer Connected, Water Connected
6 Total
School Information
Ithaca
Beverly J Martin Elementary
Interior Features
- Flooring
- Carpet
- Cooling
- Central Air, Heat Pump
- Heating
- Electric Heating. Heat Pump.
- Basement
- Full
- Accessibility
- Doors. Accessible Entrance, Accessible Elevator Installed.
- Security
- Fire Sprinkler System
- Additional Interior Features
- Elevator
Exterior / Lot Features
- Parking
- Off Site.
- Exterior
- Brick, Frame
- Roof
- Membrane, Rubber
- Lot Dimensions
- 21X104
- Zoning
- Other - See Remarks
Community Features
- Security Features
- Fire Sprinkler System
- Complex Features
- Fire Sprinkler System
Financial Considerations
500700-070-000-0003-007-000-0000
$53,600
Cash, Conventional
Arrows indicate 90 day trend
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