Flex Space Multi-Building
For Sale
$425,000
615 Five Mile Drive, Ithaca, NY 14850
COMMERCIAL - Ithaca, NY
Property Size8,374 SF
Lot Size0.44 Acres
Price / SF$50.75
Days on Market248
Property Features for 615 Five Mile Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com/Res
Zoning description
Commercial
Parking
25
Lot features
Rectangular, Rectangular Lot
Elementary school
Cayuga Heights Elementary
Middle school
Boynton Middle
High school
Ithaca Senior High
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Directions
From Ithaca take Floral Ave (13A) South, Inlet Rd on your left, left on to Five Mile Road, across from the cemetery.
Subdivision
Ithaca-Town-503089
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
Baseboard, Electric (Heating), Oil
Water source
Well
Water front features
Canal Access
Water front
1
Building Details
Year built
1975
Floors in Building
1
Flooring type
Vinyl, Linoleum, Concrete
Roof type
Shingle, Metal
Listing Agency:
Howard Hanna Corning
(607) 936-4663
Listed By:
Jody Saunders · License #10401275949
(607) 742-7301
Added: Dec 8, 2025
Changed: Aug 4
Last Checked: Aug 13 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This flex space multi-building campus totals 8,374 square feet and combines an office building, a clear-span warehouse, and a heated garage/workshop with office and storage. The 1,524-square-foot office building includes two reception areas, three private offices, a break room, storage, and two bathrooms. The 3,650-square-foot metal-frame warehouse offers a wide-open clear-span interior suited for trades, fabrication, storage, or logistics. The 3,200-square-foot garage/office hybrid features three overhead doors, a heated shop with an oil-separation system, workshop and storage areas, one bathroom, an office section, and attic storage above.
The property is set up for operational use with parking for 25+ vehicles and canal access for water-related needs. Utilities include a well for water service and a septic tank for sewer. Zoned Com/Res, the structures are supported by electric heating and oil heat, with baseboard heating, and have vinyl, linoleum, and concrete flooring, along with shingle and metal roofing. Built in 1975, the site includes office and storage capacity alongside flex and warehouse space for multi-tenant operations or contractor-focused facilities.
The property is set up for operational use with parking for 25+ vehicles and canal access for water-related needs. Utilities include a well for water service and a septic tank for sewer. Zoned Com/Res, the structures are supported by electric heating and oil heat, with baseboard heating, and have vinyl, linoleum, and concrete flooring, along with shingle and metal roofing. Built in 1975, the site includes office and storage capacity alongside flex and warehouse space for multi-tenant operations or contractor-focused facilities.
Key Highlights
- Total 8,374 SF flex campus with office, clear‑span warehouse, and heated garage/workshop
- 1,524 SF office building with two reception areas, three private offices, break room, storage, and two bathrooms
- 3,650 SF metal‑frame warehouse with wide‑open clear‑span interior
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14850, NY
69,271
Population
31,772
Households
2.2
Avg Household Size
29
Median Age
72%
College-Educated
96%
High-School Grad
124.8 sq mi
ZIP Area
555
Density / Sq Mi
$69,689
Median Household Income
$36,115
Median Earnings
$1,446
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Wegmans Catering — 500 S Meadow St, Ithaca, NY 14850
Frequently Asked Questions
What type of property is this?
Flex space - Three-building flex campus with office, clear-span warehouse, and heated garage/workshop plus canal access and zoning Com/Res.
Where is this flex space 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: Total 8,374 SF flex campus with office, clear‑span warehouse, and heated garage/workshop; 1,524 SF office building with two reception areas, three private offices, break room, storage, and two bathrooms; 3,650 SF metal‑frame warehouse with wide‑open clear‑span interior
