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Prime Lakefront Commercial zoned parcel in the Town of Ithaca on the East side of Cayuga Lake. Cornell Sailing Centre and marina across the street along with a lakeside town park. Fantastic panoramic lake views including Cornell University, Ithaca College and Stewart Park at the south end of Cayuga Lake. See zoning regulations in additional documents in MLS listing. Principal uses authorized by Special permit only: Restaurant, Hotel, Clubhouse, Mixed use commercial/residential, Institution of Higher-learning facilities. Phase 1 & 2 have been completed available upon request.
Impressive circa 1915 Arts and Crafts style building converted to 6 desirable dwelling units. Located in the Cornell Heights Historic district and located near the suspension bridge that leads to the Cornell Arts Quad and the Johnson Museum. There is extensive original detailing throughout with impressive oak woodwork French doors, spacious rooms, large windows and a cathedral ceiling in the third story unit. There is off-street parking for 5 to 6 vehicles. Current owners have had the property for 40 years and have lovingly maintained it. Units are currently leased to late July 2024 and again until late July 2025, with many units renewing. Gross rents shown are for current leases with higher annual gross for '24-'25. Units are unfurnished. All tenants pay heat and cooking gas, 5 units pay electricity. Tenants do own trash. Parking is included as is hot and cold water. On premises laundry. Fire alarm system. Breakdown by unit of rents for current and next year are available through your agent
Exceptional "Once in a life time" Opportunity on the door step of Cornell University. Building is NOT historic! B4 Zoning allows 50% lot coverage and a 4 -story building. No Parking requirment per City of Ithaca Regs
Extraordinary 10.75 acre parcel of land perfectly position in a highly centralized Town of Ithaca location, primed for creation of a captivating residential development. Zoned both Medium Density and Multiple Residence this rare opportunity has access to municipal water and sewer, is 1 block from the TCAT bus line, easy access to the East Ithaca Recreation Way and is 1.5 miles to the Cornell campus, 1/2 mile to edge of the City of Ithaca and a 10 minute walk to Belle Sherman Elementary School. The land is primarily level mixed with open meadows, mature trees and young growth. Residents will enjoy easy access to schools, Cornell, Ithaca College, recreation, shopping, all within a short distance of their doorstep. Urban convenience and suburban tranquility! Ability to build 79 units as of right and surrounded by well-established neighborhoods. Design a mix of housing options, from eco-friendly single-family homes to low maintenance functionally crafted townhomes. Southern exposure!Inclusions:Other - See Remarks
Extraordinary 10.75 acre parcel of land perfectly position in a highly centralized Town of Ithaca location, primed for creation of a captivating residential development. Zoned both Medium Density and Multiple Residence this rare opportunity has access to municipal water and sewer, is 1 block from the TCAT bus line, easy access to the East Ithaca Recreation Way and is 1.5 miles to the Cornell campus, 1/2 mile to edge of the City of Ithaca and a 10 minute walk to Belle Sherman Elementary School. The land is primarily level mixed with open meadows, mature trees and young growth. Residents will enjoy easy access to schools, Cornell, Ithaca College, recreation, shopping, all within a short distance of their doorstep. Urban convenience and suburban tranquility! Ability to build 79 units as of right and surrounded by well-established neighborhoods. Design a mix of housing options, from eco-friendly single-family homes to low maintenance functionally crafted townhomes. Southern exposure!
Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories or implement a value add strategy to boost per bedroom rents to market rate. Fully renovated properties in the area can fetch $1100-$1400 per bedroom. Properties of this size, this close to Cornell in a prime Collegetown location rarely hit the open market.
Welcome to your next opportunity at 414 Stewart Avenue, a remarkable multi-family property available for sale. This investment is situated in Lower College Town, offering an excellent location for both residents and investors. With 14 bedrooms, 4 bathrooms, 4 kitchens, and an ample parking lot for 13 vehicles, this property is perfect for those seeking a profitable venture. Spanning nearly 5000 square feet of finished living space. This property boasts proximity to Cornell University, making it an ideal choice for students, staff, and faculty members. New heating system for the garden level installed 2023, new appliances in 3 out of the 4 kitchens. Contact David or your Buyer agent today for more information and to schedule a viewing!
5 unit apartment building located in the East Hill Historic District, convenient to both colleges and The Ithaca Commons. This is a beautiful bldg with hardwood flrs, 10' high ceilings, fireplace mantels, and some ornamental cresting on the western roof. Fully leased through 7.31.24 at $96,480 plus laundry and including all utilities. Income from one washer and dryer & potential income from 4 parking spaces is not included in this figure. Large lot Property extends up hillside at rear and includes 4 off street parking spaces, a detached garage (in as is condition), all of which are accessed off North Quarry Street. Lots more potential income from some under-rented units and unleased parking spaces. 2020 Certificate of Compliance for 11 unrelated occupants. Some units are partially furnished.
Structural inspection report and list of improvements available for review. Extensively renovated in 2011, this stately office building is now occupied by a collection of professional office tenants. Current rent roll is $6907/mo with one vacant office-could be nearly $90K/yr. 8 parking spaces on site, plus spaces in the attached 2500 sq.ft. barn/garage. Tall ceilings, hardwood floors, two kitchens and 1.5 baths. Main level ramp permits handicap access. Allowable uses include two-unit residential property, but more units or mixed use may be possible with variance and modifications. Buyers should consult their experts and City of Ithaca Building & Planning Depts to discuss their intentions. Some tenants have expressed interest in extending their leases.
Prime site - 17,295 SF building on 1.43 acres -- located in City of Ithaca near signalized intersection on NYS Rte. 13 in Commercial Corridor. Site is currently occupied by a Bowling Center. Sale Package includes both real estate & business. Opportunity to: 1) continue to operate as a bowling center; and/or, 2) redevelop for mixed / other use. Prime location and flexible zoning allows for multiple redevelopment opportunities to include apartments, retail and / or office. Situated near Ithaca's Waterfront District which is currently focus of extensive development with 2 large mixed-use projects currently underway. Zoning allows: multi-family, retail and commercial development with construction up to 4 stories.Inclusions:Land, Building & Bus
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.
Iconic, Four-Story American Crafts Building (5-Levels - 6,670 SF] located on highly visible corner in the Center of the Ithaca Commons. Built in 1862 with extensive renovations over the recent years. American Crafts by Robbie Dein has occupied the ground floor and lower level for 37+ years. Second Floor commercial space was completely renovated a few years ago for professional office use. Third and Fourth Floor Apartments have also recently undergone complete renovation. See Restoration & Renovations Summary Report accompanying listing for more details plus floor plans. Building is fully leased. Financial Information and Leases provided upon signing an NDA. Video of building interior available upon request.Inclusions:Land & Building
Iconic, Four-Story American Crafts Building (5-Levels - 6,670 SF] located on highly visible corner in the Center of the Ithaca Commons. Built in 1862 with extensive renovations over the recent years. American Crafts by Robbie Dein has occupied the ground floor and lower level for 37+ years. Second Floor commercial space was completely renovated a few years ago for professional office use. Third and Fourth Floor Apartments have also recently undergone complete renovation. See Restoration & Renovations Summary Report accompanying listing for more details plus floor plans. Building is fully leased. Financial Information and Leases provided upon signing an NDA. Video of building interior available upon request.
Prime residential development opportunity - 7.70 Acre's - located just outside City of Ithaca and near Cornell University & Ithaca College Campuses. Detailed Concept Development Plan available for potential cluster sub-division of 20 homes which includes sub-division layout, roadway, lot sizes, stormwater management program, location underground utilities, common open area's and more. Natural Gas, Electric and Municipal Water & Sewer available. Nearby residential neighborhoods include Eastern Heights & East Hill. Current zoning medium density residential. Sales Flyer & Concept Development Plan. Also, available for additional purchase is a Farmhouse, Barn & Lot on 1.52 acres.
Own a piece of Ithaca's history with this building located at 101 W. State Street, home of the Iconic Chanticleer, a family-owned bar for over 75 years. This nostalgic landmark, located in the bustling commons, boasts three floors of potential. The second floor, once a vibrant second bar, is ideal for special/private events. The third floor's open layout offers versatility for an apartment or office space. Positioned at a prime corner lot at the three-way stop at State & Cayuga streets, and next door to the State Theater, this property enjoys high visibility and foot traffic. Don't miss the chance to own a piece of Ithaca's rich tradition and create new memories at this historic address. Be part of Ithaca s legacy. List Price includes both building and business.
Prime development site - 1.78 acres - in Ithaca's Waterfront District with multiple nearby development projects both underway and planned. Adjacent to site: 1] Cayuga Park complex [10.6 acres] currently under development that will include, retail space, affordable housing and the Ithaca Community Gardens green space; and 2] the to be re-developed former Dept. of Transportation - 8.16 acres - site. Nearby is City Harbor featuring the recently built and opened Guthrie Medical Facility [60,000 SF] w/planned additional development to include residential, retail and food & beverage venues. Other properties nearby to Development Site are Ithaca's Farmer's Market, Cornell University & Ithaca College Boathouses & GreenStar Market. Portion of property borders Cayuga Waterfront Trail alongside Cayuga Lake Inlet.Inclusions:Land & Building
Prime development site - 1.78 acres - in Ithaca's Waterfront District with multiple nearby development projects both underway and planned. Adjacent to site: 1] Cayuga Park complex [10.6 acres] currently under development that will include, retail space, affordable housing and the Ithaca Community Gardens green space; and 2] the to be re-developed former Dept. of Transportation - 8.16 acres - site. Nearby is City Harbor featuring the recently built and opened Guthrie Medical Facility [60,000 SF] w/planned additional development to include residential, retail and food & beverage venues. Other properties nearby to Development Site are Ithaca's Farmer's Market, Cornell University & Ithaca College Boathouses & GreenStar Market. Portion of property borders Cayuga Waterfront Trail alongside Cayuga Lake Inlet.
INVESTMENT OPPORTUNITY: City of Ithaca Waterfront District -- 18,271 SF Office Building on 1.36 Acres | Fully Leased, Multi-Tenant Building with New Build Outs | NNN Leases with Annual Escalations & Renewal Options | Ample On-Site Parking | Located Near Cayuga Lake Inlet in Rapidly Developing Area | Nearby are Retail, Multi-Family, Healthcare, Business & Recreational Properties | Ithaca Boast's One of the Strongest Economies in NYS Anchored by Education, Healthcare, Tech & Tourism | Financials & Leases Available Upon Signing NDA
Investment Opportunity: Convenience Store & Gas Station - 3,318 SF Retail Building | 1.15 Acres | Single Tenant NNN Lease | Tenant / Operator: Mirabito Holdings. Excellent Visibility & Access at North Entry to City on NYS Rte. 13. High Barriers of Entry & Limited Competition. Located in City's Waterfront District - a focal point for numerous underway and planned development projects. OM with complete details available to qualified buyers upon signing an NDA. Sales Flyer accompanies listing.
Investment Opportunity: Convenience Store & Gas Station - 3,318 SF Retail Building | 1.15 Acres | Single Tenant NNN Lease | Tenant / Operator: Mirabito Holdings. Excellent Visibility & Access at North Entry to City on NYS Rte. 13. High Barriers of Entry & Limited Competition. Located in City's Waterfront District - a focal point for numerous underway and planned development projects. OM with complete details available to qualified buyers upon signing an NDA. Sales Flyer accompanies listing.Inclusions:Land & Building
Ithaca West End Business District Development Site. Two [2] Commercial Buildings totaling 9,752+/- SF on 0.30 Acre. 81' of frontage on W State with ROW to nearby W Seneca Street. Opportunity to acquire adjacent property at 416 W State resulting in a total developable footprint of 0.40 Acre. Zoning allows for development of up to 5-stories. Main building currently operates as a retail store with second building a warehouse. Short walk from Ithaca Commons. Nearby is Ironworks Ithaca - the West End's newest mixed-use building - a 5-story project with 129 units and 4,800 SF of retail storefront. Sales Flyer accompanies listing.Inclusions:Land & Building
Ithaca West End Business District Development Site. Two [2] Commercial Buildings totaling 9,752+/- SF on 0.30 Acre. 81' of frontage on W State with ROW to nearby W Seneca Street. Opportunity to acquire adjacent property at 416 W State resulting in a total developable footprint of 0.40 Acre. Zoning allows for development of up to 5-stories. Main building currently operates as a retail store with second building a warehouse. Short walk from Ithaca Commons. Nearby is Ironworks Ithaca - the West End's newest mixed-use building - a 5-story project with 129 units and 4,800 SF of retail storefront. Sales Flyer accompanies listing.
Ithaca's West End. Redevelopment Or Investment Opportunity. Zoning permits multi-family and commercial up to 5-stories. Two tenants in place. Former Bishops Carpet One Warehouse and before that the Ithaca Theatre. 5,392+/- SF of predominantly open floor plan with concrete floor and 16-18' clear span ceiling in majority of the space. Ground Floor includes 9' x 10' overhead door off main entrance on W. State. Located in Ithaca's Business District near recently built Ironworks Ithaca mixed-use project.
Great opportunity to own a commercial building in the heart of Ithaca. Located a half block from the $18M housing and retail development project Iron Works Ithaca and next door to GIMMEE Coffee, Saigon Kitchen, Maru Ramen and the State Diner. This area of town is beginning to boom! Being leased until 11/30/2023. Large space, with a kitchen area, storage, office, 2 bathrooms. Updated heating and air conditioning, updated 200 AMP electrical service, plumbing, floors. High traffic count right off Route 13 North. Many possibilities...Zoned B-2C. Ready to go! The property is also for lease beginning 12/01/2023.
