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Ithaca Commercial Property with Redevelopment Potential

615 Five Mile Drive, Ithaca, NY 14850

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For Sale

$425,000

COMMERCIAL - Ithaca, NY

Property size:

8,374 SF

Lot size:

0.44 Acres

Price / SF:

$50/SF

HighLights

Multi‑building commercial property on 2.00 acres with canal access and creek/inlet frontage (0.47 acres under NYS permanent easements)
Approximately 8,400 sq ft total: 1,524 sq ft office building, 3,650 sq ft clear‑span metal‑frame warehouse, and 3,200 sq ft garage/workshop with office space
Warehouse interior is wide‑open with flexible use for trades, fabrication, storage, or logistics
Garage/workshop includes three overhead doors, heated shop with oil‑separation system, workshop/storage areas, and attic storage
Parking for 25+ vehicles for contractor/service‑fleet and multi‑tenant operations
Utilities include well water and septic tank; heating includes oil, electric (baseboard), and electric heating; roofs include shingle and metal

We can help!

Contact an agent

Jody Saunders

For Sale

$425,000

COMMERCIAL - Ithaca, NY

Property size:

8,374 SF

Lot size:

0.44 Acres

Price / SF:

$50/SF

Added:: Dec 8, 2025
Days on Market:: 201
Last Refresh:: Jun 27 at 8:06 pm

Property Features for 615 Five Mile Drive

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Com/Res
Parking: 25
Standard status: Active
APN: 503089-031-000-0002-030-000-0000
Size: 8,374 SF
Lot size: 0.44 Acres

Taxes and HOA fees

Tax Annual Amount: 11270

Utilities

Sewer type: Septic Tank
Heating system: Oil, Baseboard, Electric (Heating)
Water source: Well
Water front features: Canal Access
Water front: 1

Building Details

Year built: 1975
Floors in Building: 1
Flooring type: Linoleum, Vinyl, Concrete
Roof type: Shingle, Metal

We can help!

Contact an agent

Jody Saunders

Listing agent Jody Saunders License #10401275949

Listing office Howard Hanna Corning 45 E MARKET ST, Corning, NY

Listing date Dec 8, 2025

MLS# R1653936

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Multi‑building commercial property on 2.00 acres with canal access and creek/inlet frontage (0.47 acres under NYS permanent easements)
Approximately 8,400 sq ft total: 1,524 sq ft office building, 3,650 sq ft clear‑span metal‑frame warehouse, and 3,200 sq ft garage/workshop with office space
Warehouse interior is wide‑open with flexible use for trades, fabrication, storage, or logistics
Garage/workshop includes three overhead doors, heated shop with oil‑separation system, workshop/storage areas, and attic storage
Parking for 25+ vehicles for contractor/service‑fleet and multi‑tenant operations
Utilities include well water and septic tank; heating includes oil, electric (baseboard), and electric heating; roofs include shingle and metal

Overview

This multi-building commercial property is located in the Town of Ithaca. Situated on 2.00 acres, with 0.47 acres under NYS permanent easements, the site includes scenic creek and inlet frontage. The property features three structures totaling approximately 8,400 sq ft: an office building, a clear-span warehouse, and a heated garage/workshop with additional office space and attic storage. The 1,524 sq ft office building contains two reception areas, three private offices, a break room, storage, and two bathrooms. The 3,650 sq ft metal-frame warehouse provides a wide-open interior. The 3,200 sq ft garage/office hybrid offers three overhead doors, a heated shop with an oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above. Parking is available for 25+ vehicles. The property is suited for contractors needing fleet parking, warehouse space, and offices. It is located adjacent to the new Amabel residential development within an active growth corridor, with convenient access to downtown Ithaca, Cornell, and major routes. The property may also offer potential for future residential conversion or redevelopment opportunities, subject to municipal approvals.

Property Profile Location Intelligence

Current Use by Public Records

Ithaca Dispatch Courier Service University Taxi Courier Service

Suggested Use

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Location Insight

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Local Demand

City: Ithaca
County: Tompkins
State: New York
Longitude: -76.523537
Latitude: 42.427159

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For sale
Warehouses
NY
Ithaca
14850
615 Five Mile Drive

What type of property is this?

Warehouse - Multi-building commercial property with redevelopment potential in Ithaca, New York.

Where is this warehouse located?

The property is located at 615 Five Mile Drive Ithaca, NY.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Multi‑building commercial property on 2.00 acres with canal access and creek/inlet frontage (0.47 acres under NYS permanent easements); Approximately 8,400 sq ft total: 1,524 sq ft office building, 3,650 sq ft clear‑span metal‑frame warehouse, and 3,200 sq ft garage/workshop with office space; Warehouse interior is wide‑open with flexible use for trades, fabrication, storage, or logistics

615 Five Mile Drive, Ithaca, NY 14850

COMMERCIAL - Ithaca, NY

Property Features for 615 Five Mile Drive

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

3-Unit Residential Income Property

Downtown Ithaca Winery Opportunity

Ithaca Multifamily Investment Opportunity

Established Restaurant Property in Ithaca

Architectural Apartments Near Cornell

Ithaca Two-Family Investment Property

Ithaca Multifamily Investment Opportunity

Ithaca Multi-Family Rental Property

Collegetown Multi-Family Residence

Duplex with Two Residential Units

Three-Unit Income Property

Charming Ithaca Multi-Family Residence

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