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224 E State Street Ithaca-City, NY $ 2,500,000
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224 E State Street
$ 2,500,000
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224 E State Street

Ithaca-City, NY, 14850
$ 2,500,000
Baths0.0 Sq 12,090

Monthly Estimate*

$ 16,616

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Studio Commercial Property for sale in Ithaca-City, NY for $2,500,000. This 12,090 square foot building was built in 1904 on a lot size of 0.05.

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.

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Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 53,600

Style

Apartment

Lot Size

0.05

Year Built

1904

Town/City

Ithaca-City

County/Region

TOMPKINS

MLS | Web ID

R1531300
Features
General
Sewer PublicSewer
Heating Electric HeatPump
Cooling HeatPump CentralAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Membrane Rubber
Zoning CBD_60
Security Features FireSprinklerSystem Intercom
Construction Materials Brick Frame MetalSiding WoodSiding
Year Built 1904
Stories 4
Township Not Applicable
Property SubType Apartment
Business Type BarTavernLounge
Accessibility AccessibleElevatorInstalled
County Tompkins
Property Type CommercialSale
Building Features Elevators FloorDrains PhoneSystem PrivateRestrooms
Status Active
Directions Corner of N. Aurora St. and E. State St. Restaurant Row East end of Commons
City Ithaca-City
High School District Ithaca
Zoning Description Other - See Remarks
Total Units 6
MLS Area Ithaca-City-500700
Waterfront Y/N No
Street Name State
Elementary School Beverly J Martin Elementary
Year Built Details Existing
Tax Annual Amount 53600.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 1600000
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Apartment Commercial
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Interior
Basement Full
Flooring Carpet
Total Fireplaces 0
Total Stories 4
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features OffSite
Water Source Public
Total Parking 0.0
Inclusions Land and Building
Lot Size Area 0.05
Number of Buildings 1
Building Area Total 12090.0
Lot Dimensions 21X104
Lot Size Acres 0.05
Lot Size Units Acres
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Internal Only
Street Number 1 224
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* Excluded Features
List By
Warren Real Estate Of Ithaca Inc.

Broker

(607) 351-6155

Phone

Affordability Calculator

$21,082
Per Month
79%
21%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
$4,467
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4570490 Elementary School
3323858 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/24/2024$2,500,000 Listed Price

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224 E State Street, Ithaca-City, NY, 14850 is a Commercial Property for sale at $2,500,000 with 12,090 sqft and a lot size of 0.05. 224 E State Street is a studio with 0.0 baths and was built in 1904. The property's zip code is 14850 which is in Ithaca-City, NY

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