Ithaca NY Real Estate & Commercial for Sale

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.

Flower Fashions by Haring. BUSINESS SALE ONLY. Family Owned and Operated Business for 65 Years serving the Greater Ithaca Area. Turn-Key Business Opportunity with owner to assist with transition. Business leases 2,800 SF at the Community Corners Shopping Center in Ithaca's Northeast. Strong walk-in business from nearby residents, businesses and students. Plus, established accounts with Cornell University, funeral homes, real estate offices, catering companies and other local businesses. Member of Teleflora wire service. Established web site and social media presence. Assumable lease under competitive terms. Equipment, furnishings, fixtures and delivery vehicle included with sale. Inventory extra. Leased space includes retail, office, greenhouse & storage. Financials provided upon signing an NDA. Sales Flyer accompanies listing.

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.

Deadline for submission of offer is 4.30.24. Open house Saturday, 4.20 from 2-4 pm.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.

A truly rare assemblage of two contiguous properties in the heart of Cornell Universities Collegetown. Both properties are zoned CR-3 which allows for redevelopment up to 3 stories in height. Studio apartments in the area start around $2000, with per bedroom rent ranging from $1700-$1900 for larger units. The lot offers nearly 100 feet of frontage on Linden Ave with a depth nearly the same. Currently two large houses occupy the two lots. Ithaca, NY is one of the fastest growing and highly sought after real estate markets in New York. Ivy League college town real estate is some of the most sought after in the county. Known for stability and appreciation, this is one of the last remaining large parcels likely to be offered to the general public. Inquire today for complete offering materials.

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.

Kelly's Dockside is the oldest continually operated and owner run restaurant in Ithaca=50 years!! In the heart of Ithaca on the Cayuga Lake waterfront with access from the water or road, this dining establishment has all of the food and fun you could want in the heart of the Finger Lakes dining scene!

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

8 Four bedroom apartments and 1 Three bedroom apartment, Fully rented, Fully Furnished Apartments

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!

Downtown Ithaca Business District Development Site. Two [2] Commercial lots totaling 16,000+/- SF that connects W State Street (58' of road frontage) and W Green Street (60' of road frontage) . Zoning allows for development of up to 5-stories. Lot includes a commercial building at 409 W State Street which currently operates as a commercial business space, a 3 bed/1 bath second floor apartment, and detached garage/storage space. Short walk from Ithaca Commons and next to Ironworks Ithaca - the West End's newest mixed-use building - a 5-story project with 129 units and 4,800 SF of retail storefront.

A select investment portfolio at 315-323 Hillview Place, Ithaca, NY, featuring three duplexes and one single-family residence, encompassing 7 units with a total of 18 bedrooms. Located near downtown Ithaca and essential bus connections, this collection is well-positioned in a high-demand area. Each duplex benefits from individual gas meters and comes equipped with necessary appliances, gas heat, and hot water systems, streamlining management. The ample parking availability enhances its attractiveness to prospective tenants. This portfolio represents a strategic opportunity for investors to secure a foothold in Ithaca's thriving rental market, focusing on long-term growth and property appreciation.

Unique development opportunity located on Ithaca's Inlet Island! A natural extension of the West End, as well as neighboring the new Chamber of Commerce on Cherry St, Ithaca Flatiron is a 35,000 sqft prospective development (see preliminary plans) possibly shovel ready in 2024! Surrounded, by iconic buildings such as the Aoroplane Factory, Lehigh Valley House, the Signworks Building, and Chemung Canal. Situated at the head of the Black Diamond Trail, The Waterfront Trail, as well as the entry to Cass Park, numerous recreational amenities await! Centrally located with bus stops within 1/2 of a block, and newly connected to Ithaca's renown Farmer's Market by a walking/biking trail, this building site is prime for mixed-use, commercial/residential, or residential over parking. The included parcels (900[73.-3-3], 910[73.-3-2], 912[73.-3-1] W State/MLK) must be purchased together, and are zoned WF-1d: 5 story, 100% lot coverage, Zero parking required, and no step-backs on upper stories. Some preliminary architectural drawings for qualified buyers only, as well as environmental reports, zoning and tax abatement guidelines.*Listing Broker, Ishka Alpern, is also the Owner.

Unique development opportunity located on Ithaca's Inlet Island! A natural extension of the West End, as well as neighboring the new Chamber of Commerce on Cherry St, Ithaca Flatiron is a 35,000 sqft prospective development (see preliminary plans) possibly shovel ready in 2024! Surrounded, by iconic buildings such as the Aoroplane Factory, Lehigh Valley House, the Signworks Building, and Chemung Canal. Situated at the head of the Black Diamond Trail, The Waterfront Trail, as well as the entry to Cass Park, numerous recreational amenities await! Centrally located with bus stops within 1/2 of a block, and newly connected to Ithaca's renown Farmer's Market by a walking/biking trail, this building site is prime for mixed-use, commercial/residential, or residential over parking. The included parcels (900[73.-3-3], 910[73.-3-2], 912[73.-3-1] W State/MLK) must be purchased together, and are zoned WF-1d: 5 story, 100% lot coverage, Zero parking required, and no step-backs on upper stories. Some preliminary architectural drawings for qualified buyers only, as well as environmental reports, zoning and tax abatement guidelines.*Listing Broker, Ishka Alpern, is also the Owner.

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.

Centrally located commercial buildings located in the City of Ithaca's Cherry Street Business Park. This 1.1 acre parcel offers a great opportunity with two warehouse style buildings less than half a mile from the Route 13 Commercial corridor. Building #1 at 7400 SF currently leased till 12/31/24 with retail business. This space offers concrete floors, high ceilings, entry way w/ ramp, multiple storage rooms, and restrooms w/ multiple stalls. Building #2 at 3360 SF is currently leased month to month. This warehouse space offers concrete floors, high ceilings, loading dock, and 1/2 bath. Plenty of power available and buildings are connected through an exterior breezeway. Nearby are several businesses to include Tompkins County Chamber of Commerce & Visitors Center, Wegmans, and Ports of NY winery. Sales flyer, floor plan, and 3D tour accompany the listing. Inclusions: Land & Building. OM available upon request.

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

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.

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.

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!