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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,144 sqft
Price per Sqft $143
MLS Listing ID R1667323
Construction Status Existing
HOA Y/N No
Year Built 1975
Annual Tax Amount $6,456
Lot Dimensions 33X100
Property Sub-Type Apartment
Property Description
With over 15,000 cars passing by daily, the property benefits from outstanding visibility and consistent foot and vehicle traffic—making it a prime location for retail, hospitality, or long-term mixed-use investment.
Ideal for a first-time investor seeking immediate cash flow, the property also offers significant redevelopment potential. Zoned WEDZ-1A (West End District Zone), the property allows for up to five stories of development, creating an excellent opportunity for future mixed-use expansion in one of the area's most active commercial districts.
Whether you're looking to expand your portfolio or capitalize on the corridor's continued growth with a future development, this property offers the rare combination of immediate income today and long-term upside tomorrow.
Location
State NY
County Tompkins
Area Ithaca-City-500700
Zoning WEDZ-1a
Interior
Heating Gas, Forced Air
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Metal
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Existing
Schools
Elementary Schools Beverly J Martin Elementary
School District Ithaca
Others
Tax ID 500700-059-000-0007-025-000-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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KW Upstate New York Properties
Broker | License ID: 10991215115
Broker License ID: 10991215115