Log In/Sign Up
Your email has been sent.
158 E State St
Ithaca, NY 14850
The Commons · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- HEART OF ITHACA'S DOWNTOWN BUSINESS DISTRICT, WHICH HAS BECOME ITHACA'S PREMIER DOWNTOWN RETAIL CORNER
- RETAIL TENANT HAS BEEN IN PLACE FOR 37 YEARS
- TENANT MIX CONSISTS OF RETAIL, MEDICAL OFFICE AND RESIDENTIAL
- FAÇADE HAS BEEN COMPLETELY RESTORED TO ITS HISTORIC STATE
EXECUTIVE SUMMARY
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 38+ 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. Building is fully leased. Financial Information provided upon signing of NDA.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,670 SF
Building Class
B
Year Built
1970
Price
$2,613,167 CAD
Price Per SF
$391.78 CAD
Cap Rate
7.57%
NOI
$197,832 CAD
Percent Leased
100%
Building Height
4 Stories
Building FAR
5.10
Lot Size
0.03 AC
Zoning
CBD-60
PROPERTY TAXES
| Parcel Number | 500700-070-000-0002-014-000-0000 | Improvements Assessment | $730,028 CAD |
| Land Assessment | $217,605 CAD | Total Assessment | $947,633 CAD |
PROPERTY TAXES
Parcel Number
500700-070-000-0002-014-000-0000
Land Assessment
$217,605 CAD
Improvements Assessment
$730,028 CAD
Total Assessment
$947,633 CAD
1 of 54
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
