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    407 Seneca St Ithaca, NY 14850

    For Sale
    $535,000

    Turnkey office, high visibility, great potential.

    Property size:
    4,197 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 4,197 square foot office building, located at 407 W Seneca St in Ithaca, NY, presents a unique investment opportunity. Situated just three blocks from Ithaca Commons, this property boasts a highly desirable location with excellent visibility. Originally constructed in 1923 by the Ithaca Bottling Works, the building has a rich history and has served as home to numerous successful Ithaca businesses. Meticulously maintained, the building offers eight individual offices, a spacious kitchen, a dedicated conference room, and three bathrooms. A significant advantage is the inclusion of off-street parking, a rare find in this area. Beyond the main office space, the property includes over 1,200 square feet of versatile workshop/storage/flex space with separate entrances, expanding the possibilities for use. The building's adaptability makes it ideal for a variety of purposes, including small businesses, shared professional offices, or even residential conversion, subject to any necessary permits and approvals. Currently owner-occupied, the building will be vacant as of February 1, 2025, providing a clean slate for the new owner. The 0.14-acre lot offers ample space and the building's solid construction and prime location ensure a strong return on investment. Don't miss this chance to acquire a piece of Ithaca's history and secure a thriving future for your business or investment portfolio.

    Property Features for 407 Seneca St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,197 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1975
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    C.S.P. Management Property Management Company Ithaca Taste of the Nation Association / Organization

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.50446
    Latitude
    42.44004

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    FAQs

    What type of property is this?
    Office Property / Space - Turnkey office, high visibility, great potential.
    Where is this office property / space located?
    The property is located at 407 Seneca St Ithaca, NY.
    What is the asking price?
    The asking price for this property is $535,000.
    (607) 257-0666
    Request Owner's contact information
    407 Seneca St Ithaca, NY 14850
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    Ithaca, NY 14850
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 Seneca St Ithaca, NY 14850
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